AI summary
Asda appointed former Morrisons CEO to urgently fix struggling supermarket performance, signaling a major leadership shakeup to stabilize the business.
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Asda appoints former Morrisons boss as chief executive as sales struggle
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David Potts to take over immediately, as executive chair Allan Leighton steps back to non-executive strategic roleBusiness live – latest updatesAsda has appointed the 69-year-old former boss of Morrisons, David Potts, as chief executive with immediate effect as it continues to struggle to lift sales.The UK’s third largest supermarket said that 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...
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