Asda chief executive Sean Clarke is to step down from his role at the end of the year with Roger Burnley taking his place as president and chief executive.
Mr Burnley, currently serving as the supermarket’s chief operating officer, will take up the role from January 1.
The announcement was made this morning by Walmart International chief Dave Cheesewright.
Mr Burnley returned to Asda as Chief Operating Officer and Deputy CEO in October 2016, joining the board following Sean Clarke’s appointment as President and Chief Executive in July 2016.
At the time, Mr Cheesewright described Mr Clarke as “one of our most experienced global executives” whilst also recognising Roger as “a future CEO”.
Commenting on Roger’s appointment, Mr Cheesewright said: “Roger was purposefully brought back to Asda to partner with Sean ahead of the transition to Roger taking up the position of CEO. He and Sean have worked as a great team and I’m really confident in Roger’s ability to continue building upon our returning momentum.
“After more than 21 years with the company, Sean has worked across five international markets including serving as President and CEO of Walmart China and obviously here in the UK too. He’s continually shown the ability to lead critical transformation and the last 15 months are no exception. Sean will continue to lead Asda until the end of December after which, he’s taking some time out and will then remain engaged with Walmart.”
Mr Burnley, said: “Asda is a great business and we’ve started to realise its potential again. Sean’s focus on serving customers and simplifying the business has established a firm foundation on which we can build. Since I returned to Asda last year, I have been encouraged by the passion and professionalism of our colleagues and look forward to leading this terrific team.”
Mr Clarke, said: “Asda is moving in the right direction but there is still much more for us to do. I am excited to see the momentum continue under Roger’s leadership. Walmart has given me and my family some great opportunities. I am looking forward to taking some time out but I will always stay connected to the company.”