The chief executive of Asda Roger Burnley has taken a “personal decision” to step down next year.
The company confirmed that Burnley, who has been at the helm since 2018, would stay on until next year to allow a successor to be identified. The announcement comes following a £6.8bn takeover deal for Britain’s third-biggest grocer.
Asda’s new owners include TDR Capital, the London-based private equity firm, and Mohsin and Zuber Issa, the two brothers who have turned EG Group into one of the world’s largest petrol forecourt and convenience store operators.
Sky News described the looming departure of the Asda chief, as “amicable”.