Change at the top for Waitrose

Mark Price's stepping down as managing director of Waitrose has raised eyebrows in the supermarket sector.

15-10-22-price-634

The resignation of Waitrose's Mark Price has raised eyebrows

A change in senior management at the John Lewis partnership "is rather like the regeneration of Doctor Who", said Conlumino's Neil Saunders a rarity. So Mark Price raised eyebrows this week when he stepped down as Waitrose's managing director after almost a decade at the helm. He also quit his role as deputy chairman of the John Lewis partnership, where he has worked for 33 years. He is applying to become chairman of Channel 4.

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Andrew Van Sickle
Editor, MoneyWeek