Asda chief executive Roger Burnley has stepped down from the business following completion of the supermarket chain’s £6.8bn takeover by the billionaire Issa brothers.
The company had said in March that Burnley would leave next year, after the supermarket had transitioned fully to new ownership and once his long-term successor was in place.
Asda said on Friday that a process to recruit Burnley’s successor was ongoing. In the interim, Mohsin and Zuber Issa will “work closely with the Asda team on the execution of Asda’s strategic vision,” it said.
The brothers and private equity backer TDR Capital said: “The Asda business has proven its resilience over the last eighteen months and has a strong platform in place for further innovation and growth. 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.”
