Global marketsUpdated November 3

Asda appoints David Potts CEO immediately.

Allan Leighton had been running Asda as executive chair since 2024. Now he is stepping back from the executive role, but not leaving: he will move to a non-executive position focused on the company’s long-term strategy. Taking over as CEO with immediate effect is David Potts, the former Morrisons boss. The handover comes as reporting describes Asda as struggling to lift sales, with sales falling, losses mounting and market share declining. Potts gets the top job now, while Leighton stays on to focus on the long term.

2 publishers2 reports

Coverage started November 3