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Published
Mar 19, 2021
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UK supermarket Asda confirms CEO Burnley to leave next year

By
Reuters API
Published
Mar 19, 2021

British supermarket group Asda said on Thursday that chief executive Roger Burnley will leave the business next year, confirming a Sky News report.


Reuters


Last October U.S. giant Walmart sold a majority holding in Asda to the billionaire Issa brothers and private equity group TDR Capital in a deal giving it an enterprise value of 6.8 billion pounds ($9.5 billion).

Asda said Burnley will exit when the business has transitioned fully to the new ownership and once his long-term successor is in place.

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