Asda retail boss Towle leaves after lower than ten months
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LONDON (Reuters) – British grocery store group Asda stated on Monday retail director Ken Towle is leaving the enterprise lower than ten months after beginning the job.
Asda, owned since 2021 by brothers Mohsin and Zuber Issa and personal fairness firm TDR Capital, stated the departure of Towle, who was answerable for the group’s over 600 shops, was “mutually determined”.
Britain’s third largest grocer after market chief Tesco and Sainsbury’s introduced former Tesco director Towle’s recruitment from comfort chain Nisa in January 2022 however he didn’t begin the job till Might.
Asda additionally stated on Monday it had appointed Aldi UK veteran David Hills as its new chief buyer officer.
Hills has been on the German-owned discounter since 2007 and is presently group director, advertising and marketing & communications.
Asda stated performing chief buyer officer, Sam Dickson, will proceed within the position till Hills arrives later this yr and can then assume a technique position for the Asda and George manufacturers.
Asda had a tricky 2022 however in November reported a return to quarterly gross sales development, whereas business knowledge has proven its gross sales development matching that of Tesco and Sainsbury’s.
(Reporting by James Davey; enhancing by Barbara Lewis)
