Morrisons has announced that chief executive Dalton Philips is to step down after five years at the helm of the struggling supermarket business.
The move was announced as the Bradford-based chain reported that like-for-like sales fell 3.1pc in the six weeks to January 4.
Andrew Higginson, who is due to become chairman later this month, said the company's board believed the push to return the business to growth was 'best done under new leadership'.
Mr Higginson said it was 'time for a fresh pair of eyes' over the business, although he pointed out that the company's Christmas performance was not a factor in the decision to change leadership.
Mr Philips said: 'I'm very sad to be leaving but when a board wants to make a change you accept that and move on.'
Morrisons also announced it is planning to close 10 loss-making smaller stores, putting more than 400 jobs at risk.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here