Metcash appoints Jeff Adams as CEO for 4 years

Company News

by Jessica Amir

Metcash Limited (ASX:MTS) has announced Jeff Adams will succeed Ian Morrice as the company’s new Group Chief Executive Officer.

The wholesale distribution and marketing company appointed Jeff Adams after the outgoing CEO resigned after serving at the helm for five years.

Metcash says the incoming Jeff Adams has a significant amount of international retail and wholesale experience.

He was with Tesco for over 20 years, which included working as CEO of Tesco Kipa in Turkey and CEO of Tesco Lotus in Thailand.

He also served as Director of Operations of Tesco Express in the UK.

Jeff Adams is set to start his four year term on 4 September 2017, subject to visa approval.

Shares in Metcash Limited (ASX:MTS) are currently trading 0.83 per cent higher to $2.42.
 

Jessica Amir

Finance News Network
Jessica presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.