Reported about 15 hours ago
British supermarket Asda has appointed industry veteran Allan Leighton as its new executive chairman, over two decades after he previously served as CEO and turned the company around before its sale to Walmart. With Asda facing challenges in market share against rivals like Tesco and Sainsbury's, Leighton succeeds Stuart Rose, who highlighted current issues with store standards and sales performance. Leighton brings valuable experience, having previously led other major retail companies, and is expected to guide Asda through its next developmental phase.
Source: YAHOO