The chief executive of Asda is to step down following a £6.8bn takeover deal for Britain’s third-biggest grocer.
The company confirmed that Roger Burnley would stay on until next year to allow a successor to be identified, moments after Sky News broke a story that he had informed its new owners of his plans to retire.
A source close to the situation had described the looming departure of the Asda chief, who has been at the helm since 2018, as “amicable”.
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