David Potts to take over immediately as executive chair Allan Leighton steps back to non-executive strategic roleBusiness live – latest updatesAsda has appointed David Potts, the 69-year-old former boss of Morrisons, as its chief executive with immediate effect as it continues to struggle to lift sales.The UK’s third largest supermarket said its 73-year-old executive chair, Allan Leighton, who has been running the business since 2024, would now step back to a non-executive role focusing on “the long-term strategic agenda for the business”. Continue reading...