The search for Asda’s new CEO is intensifying following Allan Leighton’s appointment as executive chair.
- Leighton’s return to Asda might attract former executives and top figures in the UK grocery industry.
- The position, vacant since 2021, offers a highly lucrative £10 million package.
- Several prominent figures from the retail sector are being considered for the role.
- These candidates bring a wealth of experience and strategic vision critical for Asda’s growth.
Allan Leighton’s comeback as Asda’s executive chair signals a pivotal moment in the company’s ongoing CEO search. Leighton, renowned for guiding Asda to a successful £6.7bn sale to Walmart in 1999, now prioritises finding a suitable leader to fill the CEO position left vacant since Roger Burnley’s exit in 2021. Despite offering an attractive pay package, Asda has yet to secure a new CEO, reflecting the challenges within the industry.
Industry insiders suggest that Leighton’s presence might entice seasoned executives to consider stepping up. Among the potential candidates is Tony Hoggett, who began his career at Tesco in 1990 before moving to roles across Asia and the UK. Called a significant loss for UK retail when he joined Amazon in 2021 as SVP of Worldwide Grocery Stores, Hoggett’s experience in transforming Amazon’s grocery strategy positions him as a strong contender for Asda, especially with his ability to enhance customer experience.
Barry Williams’ possible return to Asda is another point of interest. Williams, former Asda executive, has honed his skills at the helm of Poundland and Pepco. He brings valuable convenience retail experience, having worked with Musgrave Budgens Londis in the early 2000s. His expertise aligns well with Asda’s need to navigate its vast network of convenience stores in the UK.
Consideration also extends to Clodagh Moriarty, Sainsbury’s digital leader known for her innovative approach in growing the supermarket’s digital presence and profitability. With her background spanning strategy, retail, and technology, Moriarty’s adeptness at integrating digital solutions and enhancing online sales could be instrumental in steering Asda towards growth in the competitive supermarket sector.
Tony Buffin’s track record of retail transformations, notably at Holland & Barrett and Travis Perkins, marks him as a viable candidate. He is credited with the turnaround of Coles in Australia, highlighting his ability to revitalise struggling businesses. Buffin’s strategic acumen and past success in retail positions him as a promising option for Asda’s leadership role.
Chris Bush’s extensive tenure at Tesco, leading its operations in Thailand and later managing Westfalia Fruit Group, brings a diverse set of skills to the table. His experience in both local and international markets, coupled with his executive management expertise, could be a tremendous asset for Asda as it continues to expand its market influence.
As Allan Leighton spearheads Asda’s CEO search, industry expertise and transformative insights from potential candidates remain crucial for steering Asda’s future.
