Former CEO Allan Leighton returns to Asda as executive chair, succeeding Lord Rose.
- Leighton aims to leverage his vast experience to drive Asda’s growth and development.
- Lord Rose remains on the board temporarily to ensure a smooth transition of leadership.
- Asda’s leadership change coincides with significant financial investments in expansion and innovation.
- TDR Capital, Asda’s majority shareholder, supports Leighton’s leadership to secure long-term success.
Allan Leighton, who served as the chief executive of Asda from 1996 to 2001, has returned to the company as its new executive chair. This move marks a significant change in leadership, as he takes over from Lord Rose, who has been the chair since 2021. Lord Rose will stay on the board to ensure a seamless handover before he steps down.
Leighton brings with him a wealth of experience, having led various consumer businesses in the UK and internationally. His previous tenure at Asda, along with roles such as president of Loblaw Companies and chairman of The Co-op, highlights his capability to steer large retail businesses towards success. His focus is now on working with Asda’s leadership team to make the supermarket chain a standout choice for employees and customers alike.
Lord Rose expressed his gratitude for working with the Asda team and acknowledged the positive impact Allan Leighton’s leadership will bring. He remains supportive of Asda’s future endeavors, both as a shareholder and customer, as he transitions out of his current role.
Gary Lindsay, the Managing Partner of TDR Capital, praised Lord Rose for his contributions during his tenure and welcomed Leighton back, highlighting the promising path ahead under his leadership. According to Lindsay, the combination of Leighton’s understanding of Asda and the substantial £3.8 billion investment over the past three years will propel Asda to the next stage of its development.
The substantial financial backing from TDR Capital has allowed Asda to expand its reach. The increase in store numbers from 623 to 1,200, coupled with successful innovations like a loyalty app with six million active users, signifies Asda’s commitment to growth and adaptation in a competitive market.
Allan Leighton’s return as executive chair marks a promising new phase for Asda.
