The move ends a long-running saga to bring the non-executive board up to strength at the struggling supermarket. The group recruited three non-executive directors on June 20 after a showdown between chairman Sir Ken Morrison and his deputy David Jones over corporate reform.
Advertising Standards Authority chief executive Susan Murray, Nigel Robertson, who played a key role in establishing online grocery web site Ocado, and Brian Flanagan, who worked at Mars for 26 years, were confirmed as non-execs and took their positions from July 1.
The board said at the time that it would update the market a month later on a fourth non-executive position, but it did not manage to sign a suitable candidate until yesterday.
Manduca left Deutsche at the end of last year after the bank shifted responsibility for European fund management from London to its home town of Frankfurt. Manduca was previously chief executive of Rothschild Asset Management and the founding chief executive of Threadneedle Asset Management.
'Manduca has a long and distinguished career in fund management, where he has held many senior management positions,' said Sir Ken. 'His knowledge and understanding of the City and the needs of institutional shareholders will be of immense benefit to the company.'
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