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OriginalSourceThe IndependentUnited KingdomLeanCenter-leftCredibilityPublished10:45 UTCRatings: AllSides, MBFCSourceThe IndependentUnited KingdomLeanCenter-leftCredibilityPublished10:45 UTCRatings: AllSides, MBFC

“Former Morrisons chief David Potts appointed as Asda chief executive”

David Potts appointed Asda chief executive with immediate effect

Key points

  • David Potts, former Morrisons chief, is appointed Asda chief executive with immediate effect.
  • Allan Leighton steps down to non-executive chairman two years after returning to Asda.
  • Potts led Morrisons for eight years (2015-2023) and orchestrated a turnaround.
  • Asda's owner TDR Capital acquired the majority stake in 2024 amid debt-related challenges.
  • Asda faces sales declines and market-share erosion, with focus on lowering prices for shoppers.

By Myriam Toua

Read at The Independent

How it got here

  1. The Independent publishes the article.

  2. concise reads it.

concise. — Article, The Independent’s original