Allan Leighton is to rejoin Asda to take the reigns as executive chair as Lord Stuart Rose prepares to step down. Leighton was CEO of Asda in late nineties, leaving the supermarket business in 2001.
Stuart Rose said: “It has been a privilege to work alongside the Asda team over the past three years and to support the business through this period of transition.
“Asda will benefit enormously from Allan’s experience of leading the business and on behalf of the board I am pleased to welcome him back. I look forward to continuing to support Asda as a shareholder and customer over the coming years.”
Allan Leighton commented: “Stuart has done an important job in helping to create a retailer with a presence in every format and I am delighted to be returning to the business which has always been a special place for me. The potential for Asda now is significant, and my focus will be to work with the leadership team to help make Asda special for our colleagues and millions of customers.”
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