Asda hires ex-Morrisons boss in bid to grow firm
Summary
Asda appointed David Potts as chief executive, effective immediately, to lead the supermarket’s efforts to revive growth. Allan Leighton, who returned as chief executive in 2024, will become non-executive chairman.Key Facts
- Potts led Morrisons for eight years, until 2023.
- Before Morrisons, Potts held senior roles at Tesco, including leading its Irish, UK and Asian businesses.
- Asda said it would focus on improving the shopping experience and keeping prices low.
- Asda said it employs 116,296 people.
- Leighton said Asda had stabilised its business and returned to some growth over the past two years.
- An IT upgrade last year affected product availability and sales at Asda.
- Asda reported in August that sales had returned to growth for the current quarter for the first time in two years.
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