WM Morrison Supermarkets : Statement re Sir Ken Morrison CBE

1 February 2017

Sir Ken Morrison CBE

The company has been informed by the Morrison family of the very sad news of thepassing of Life President, and former Chairman, Sir Ken Morrison CBE. Sir Ken was an inspirational retailer who led Morrisons for more than half a century, transforming the company from a small family business into the UK's fourth largestfood retailer. At his retirement in 2008, Morrisons had 375 stores, serving over nine million customers a week.

Sir Ken will be greatly missed by many thousands of his current and former colleagues, a large number of whom became close personal friends over the years.

Sir Ken was Morrisons Chairman until 2008. He was awarded the CBE in 1990 and knighted in theMillennium New Year's Honours list for his services to the food retailing industry.

Widely considered one of Britain's finest retailers, Sir Ken developed the culture, values and clear direction for the business which remain the bedrock of the firm today. His legacy includes many enduring innovations, such as Market Street and Morrisons unique vertical integration model.

Andrew Higginson, thecurrent Chairman of Morrisons, said: 'I know that I speak for the whole company when I say how profoundly sad we were to hear of Sir Ken's death. He was an inspirational leader and the driving force behind Morrisons for over half a century. Although he retired several years ago, his legacy is evident every day and in every aspect of our business.

'Taking Morrisons from a small Bradford-based family business to a major UK grocery retailing chain is an outstanding achievement in the history of UK business. On a personal level, Ken was an enormous help to me as we made some significant changes to set the business on a new course; his knowledge of retail and his strategic insights have remained as relevant and intuitive as they were when he first built the business.

'Ken will be remembered by us all for his leadership, his passion for retailing and for his great love of Morrisons. To honour his memory in the most appropriate way we can, we will continue to develop the company that he built and loved.

'We will miss his friendship and his wise counsel very deeply, and our thoughts are with his family at this difficult time.'

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