Asda has confirmed that CEO and president Roger Burnley will step away from the business next year, once the supermarket has fully transitioned to new ownership and his long-term successor is in place.
Burnley has been CEO since January 2018, having joined the business in 2016 as deputy CEO. A process will commence shortly to appoint a new CEO who is “able to commit to leading the business over the long-term”, according to the group.
The move follows the group’s recent takeover by the Issa brothers and TDR Capital, who said they continue to be focused on supporting Asda’s leadership team to implement and accelerate its growth strategy over the next five years.
Commenting on his departure, Burnley said: “My decision to leave Asda is personal and something I wanted to communicate to my colleagues as soon as I could. Whilst I remain fully committed to leading this great business for the next year and delivering our strategy, it is right to plan for a managed succession process well in advance.
“It has been a great privilege to play a leading role at Asda over the last five years – putting in place a clear strategy for long-term sustainable growth and doing the right things for our customers, colleagues and the communities we serve.”
He added: “I could not be prouder of our achievements during this time– which have seen us maintain our strong heritage as a value and values driven retailer, offering great products to our customers at consistently low prices as well as supporting our local communities. We have also developed our brand partnerships that mean we are an even more convenient place than ever to shop.
“And amongst all this, I’ve been delighted to work with Walmart as our parent and also to identify the right partners for the next chapter of Asda’s journey – Mohsin and Zuber Issa and TDR Capital, who I know have both a real passion for this great business and great ideas to enhance its continued success.”
Mohsin and Zuber Issa and TDR Capital jointly said: “Roger and his team have protected and enhanced an exceptionally resilient business which we are proud to own. Roger will continue to lead Asda over the next year and deliver the strategy that he and his leadership team have set in motion, whilst at the same time working with us on identifying his successor.
“We are acutely aware of the responsibility we have in ensuring this great British brand continues to thrive for years to come – delivering great value products for customers, serving communities, and developing our colleagues.”