Asda chief executive steps down earlier than planned
Supermarket Asda has announced that its chief executive Roger Burnley has stepped down from the business following completion of a transition period under the new ownership of the Issa brothers’ EG Group.
The move means that Burnley is leaving Asda earlier than planned as back in March the company said he had decided to step down next year.
In a new update, the company said the process to recruit his successor has already been ongoing and that it will be making a further announcement regarding both this and additional appointments.
The Issa brothers and TDR Capital added: “We have mutually agreed with Roger that now is the right time for him to step down from the business following a transition period under our ownership. We would like to thank Roger for his leadership and contribution during his time with the business, particularly during the last year. We have a great team of more than 140,000 colleagues at Asda, and we look forward to supporting all of them to deliver for our customers in the second half of the year.”
