Asda appoints former Morrisons boss as chief executive as sales struggle
by Sarah Butler from World news | The Guardian on (#79G73)
David Potts to take over immediately as executive chair Allan Leighton steps back to non-executive strategic role
Asda has appointed David Potts, the 69-year-old former boss of Morrisons, as its chief executive with immediate effect as it continues to struggle to lift sales.
The UK's third largest supermarket said its 73-year-old executive chair, Allan Leighton, who has been running the business since 2024, would now step back to a non-executive role focusing on the long-term strategic agenda for the business".
Continue reading...