skip to main content
Find Insight DIY on
* * *

UK DIY News

Andy Clarke to step down as ASDA CEO

ASDA 725 x 500

Andy Clarke has confirmed in an interview with Retail Week that he is to step down as CEO of ASDA.

His successor will be incoming Chief Operating Officer Roger Burnley, who is to join ASDA from Sainsbury’s, where he holds the role of Retail and Operations Director. 

Clarke said of the changes:

"I said that I wanted to find somebody who had the ability to be my successor and it took us some time to find the right person, the right cultural fit, the right sort of character and leader that can run the business. He's a great leader and he's going to be a great colleague”.

"I look forward to spending time with him and preparing him for what hopefully should be his next role."

“I'm in no rush to do anything else and we are on a three-year journey from a strategic plan perspective. I'm very happy to deliver that and work through that and then we can talk about that from there"

The news comes after ASDA reported a seventh consecutive quarter of sales decline, with a drop of 5.7% in like-for-like sales during the 13 weeks ended 30th March 2016.

ASDA’s parent company Walmart has expressed disappointment at the grocer’s performance and, in last week’s AGM, CEO Dave Cheesewright said that he would look at the possibility of further price cuts, in a bid to ‘shift the balance in ASDA from protecting profit to protecting share’.

In January 2016, ASDA announced plans to cut hundreds of head office jobs and invest over £300 million in price cuts.

Source : Insight DIY

If your business is interested in pricing intelligence or you're currently trying to track retail prices manually, there really is a much easier way. Just contact us here.

To advertise on the Insight DIY website and download our media pack, click here.

Sign-up for our weekly newsletter here.

 

06 June 2016

Related News

view more UK DIY News
*

Insight DIY is the only source of market information that I need and they always have the latest news before anyone else.

*
Neil Anderton - Sales Director, British Ceramic Tile
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry