Asda is reportedly looking to Lord Rose of Monewden, the former boss of Marks and Spencer, as its new chief executive.
The industry veteran also held chief executive roles at Argos and Burtons Group in the 1990s.
In May of this year, he stepped down from his position as chairman of Ocado, after a nine-year tenure.
Sources close to the outlet noted that it was a “safe bet” Rose would be quickly appointed.
However, it was also suggested that he could be introduced on an interim basis, until a new chief executive is installed.
Asda, which is the UK’s third largest supermarket, was purchased by the Issa brothers’ and TDR Capital in a £6.8bn takeover deal from Walmart earlier this year.
Retail Sector has contacted Asda for a comment.