Asda has officially announced the appointment of Allan Leighton as the new executive chair, taking over from Lord Stuart Rose.
Allan Leighton boasts an extensive background in leading both UK and international consumer businesses. His notable achievements include serving as the chief executive of Asda from 1996 to 2001, as well as holding the role of president at Loblaw Companies, which is North America’s second-largest food retail business. Furthermore, Leighton has spent nine years as the chairman of The Co-op, showcasing his diverse experience in the retail sector.
Meanwhile, Lord Stuart Rose, who has contributed his leadership skills as the chair since 2021, will continue to serve on the Board during the transition period. His commitment ensures the stability and continuity of Asda’s operations before he steps down.
Upon his appointment, Allan Leighton expressed his enthusiasm for rejoining the company, stating: “Stuart has done an important job in helping to create a retailer with a presence in every format and I am delighted to be returning to the business which has always been a special place for me. The potential for Asda now is significant, and my focus will be to work with the leadership team to help make Asda special for our colleagues and millions of customers.”
Lord Rose also reflected on his tenure, noting: “It has been a privilege to work alongside the Asda team over the past three years and to support the business through this period of transition. Asda will benefit enormously from Allan’s experience of leading the business and on behalf of the Board I am pleased to welcome him back. I look forward to continuing to support Asda as a shareholder and customer over the coming years.”
Gary Lindsay, managing partner of TDR Capital, commented on the transition as well. He expressed gratitude by stating, “We would like to thank Stuart for the role he has played over the past three years and for the work he has done to help position Asda for long-term success.”
Moreover, he emphasized the strength of Asda’s current standing, adding, “Asda today has both a leading superstore estate and a strong position in every format, and Allan’s experience and understanding of Asda will stand us in good stead as he leads the business into the next stage of its development. We are looking forward to working with Allan to help Asda deliver on its potential.”
