Ken Morrison, the founder of Morrisons supermarkets chain and also its chairman since 1967, yesterday announced his retirement from the company, with effect from 2008. This follows a rough last few years for the business, which has issued profit warnings since its acquisition of the Safeway supermarkets.
Ken has been under pressure from the board for a long time now to name his successor. The latest press release from Morrisons says that Ken hopes to make an announcement in the next two to three weeks. It's reported that there are three short-listed candidates: Ian Meakins, the chief executive of Alliance Unichem, Marc Bolland, the chief operating officer of Heineken and David Wild, the president of Wal-Mart Germany. Apparently Ken has previously said that he hoped his son would succeed him, but it appears that his wishes are not coming to fruition on that score.
Astrologically, it all revolves around Ken's Sun, the symbol of leadership and figureheads. In this case, it symbolises Ken's role as the father of the company.
Ken's announcement comes as transiting Pluto (end of one era, start of another) sextile's his Sun very closely. That is a long-range transit, reflecting a major period of change in his life. Short-term transits correlating with the announcement of his retirement are: transiting Mars conjunct his Pluto, square his Sun-Mercury conjunction, and trine his Mars, showing a challenge to his leadership position, transiting Venus directly opposite his Sun-Mercury conjunction reflecting a re-negotiation and adjustment of his figurehead role, transiting Mercury sesquiquadrating his Sun-Mercury conjunction correlating with an announcement of news, and transiting Sun in quintile to his Sun-Mercury conjunction signifying publicity on this issue.