Asda appoints ex-Morrisons boss David Potts as new CEO

Asda has appointed David Potts, the former boss of rival supermarket Morrisons, as its new group CEO. The Leeds-based supermarket chain has recently faced significant challenges, including a decline in market share, mounting financial losses, and falling sales. By bringing in the former Morrisons leader, Asda aims to address these operational struggles and stabilise its position within the competitive retail sector as it navigates through its current period of financial instability and decreasing customer reach.