Allan Leighton Appointed Asda Executive Chair

Allan Leighton has been appointed as the new executive chair of Asda, succeeding Lord Stuart Rose, who will remain on the board for a smooth transition. Leighton, a former CEO of Asda from 1996 to 2001, brings extensive experience, having also served as president of Loblaw Companies and chairman of The Co-op. His return aims to rejuvenate Asda, which has faced challenges and a decline in market share since its acquisition by TDR Capital and the Issa brothers in 2021. Leighton expressed enthusiasm about returning and emphasized the significant potential for Asda moving forward. He will prioritize appointing a full-time CEO, a position that has remained unfilled for over three years. The recent leadership change aims to stabilize the business and address the criticisms of management under the current ownership.