Lots of cash and hardware in store as Metcash CEO Ian Morrice readies retirement home

 In Australia, Metcash/IGA, NewZealand
Metcash’s departing CEO, Ian Morrice, has a bit of housework to do before he saunters out the door some time before Christmas.
His replacement, former Tesco executive Jeff Adams, will join in September and Morrice will have to show him the ropes – assuming Adams is lucky enough to nab one of those troublesome 457 visas.
And this week there were those pesky Metcash shares to dispose of.
On Monday, Morrice dumped most of his stock, selling 275,000 shares at $2.50 each. Sydney Morning Herald – Read more…

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