Asda appoints former Morrisons boss as chief executive as sales struggle

Asda has named David Potts, a former supermarket executive, as its new chief executive to take over immediately, replacing the outgoing executive chair who will shift to a non-executive strategic role. The move comes as the retailer faces ongoing challenges in boosting sales and growth. Potts brings experience from a major UK grocery chain, while the company’s current leader will now focus on long-term strategy. The appointment signals a leadership change amid persistent performance pressures.

David Potts to take over immediately as executive chair Allan Leighton steps back to non-executive strategic roleBusiness live – latest updatesAsda has appointed David Potts, the 69-year-old former boss of Morrisons, as its chief executive with immediate effect as it continues to struggle to lift sales.The UK’s third largest supermarket said its 73-year-old executive chair, Allan Leighton, who has been running the business since 2024, would now step back to a non-executive role focusing on “the long-term strategic agenda for the business”. Continue reading...