Allan Leighton is back at Asda, stepping in as executive chair during challenging times.
- Stuart Rose steps down, maintaining a role to ensure smooth leadership transition at Asda.
- Asda faces declining sales amidst economic pressures and ownership changes.
- Leighton, known for past successful leadership, aims to revitalise Asda’s market position.
- Efforts focus on enhancing customer experience and increasing product availability.
Allan Leighton has rejoined Asda as executive chair, marking a strategic move during a period of declining sales and economic challenges. His return comes at a time when the retailer is recovering from recent drops in quarterly sales and bracing for the financial impact of the latest government budget, estimated at £100 million. Leighton’s leadership experience is seen as a critical asset in navigating these turbulent times for the supermarket chain.
Stuart Rose, who has been serving as chair since 2021, will continue to play a part in the company by assisting with a smooth transition before fully stepping down. His tenure included assuming day-to-day leadership responsibilities alongside TDR executive Rob Hattrell, following the resignation of co-owner Mohsin Issa.
Leighton, who previously led Asda from 1996 to 2001, is recognised for his role in the retailer’s successful period during the late 1990s. His collaboration with Archie Norman led to the sale of Asda to Walmart, earning him a reputation for effective leadership and strategic turnaround capabilities. With his return, expectations are high for revitalising Asda’s operations and restoring its competitive edge.
The focus under Leighton’s leadership includes strategic initiatives to boost product availability and improve the overall customer experience. This comes in response to the competitive pressures and changing consumer expectations in the retail sector, as Asda works to enhance its value proposition for customers.
Leighton expressed commitment to making Asda a preferred choice for both employees and customers, stating: “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.”
Allan Leighton’s return as chair is poised to steer Asda through its recovery and enhance its market position.
