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BUSINESS 3/9
Asda appoints former Morrisons boss David Potts as chief executive
Asda has appointed David Potts, former chief executive of Morrisons, as its new chief executive with immediate effect.
Asda has appointed David Potts, former chief executive of Morrisons between 2015 and 2023, as its new chief executive with immediate effect. Allan Leighton, who has run the supermarket since returning in 2024, moves to a non-executive chairman role. Potts spent four decades at Tesco, including roles leading its UK, Irish and Asian operations, before joining Morrisons. Asda, Britain's third largest supermarket, has struggled with falling sales and rising competition from discount grocers Aldi and Lidl since its 2020 private equity takeover. However, the company reported sales growth for the first time in more than two years in recent figures. Leighton said the business had 'stabilised' and Potts said 'significant opportunities remain' to improve sales with a focus on keeping prices low.
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