Top officials quit after Issa brothers acquire Asda

Wednesday 24th November 2021 05:08 EST

Top managers of Asda have resigned following the take over of the supermarket by petrol station billionaires Mohsin and Zuber Issa in February. Chief executive Roger Burnley announced that he would leave the business in 2022 after a successor had been found. Burnley, in fact, departed over the summer, and the Leeds-based grocer says the recruitment process is “ongoing”. Chief operating officer Anthony Hemmerdinger and Preyash Thakrar, the strategy chief, have also gone, along with chief finance officer Rob McWilliam.

The fast-paced style of the Issa brothers is said to have led to the resignations. Anyone eyeing the chief executive’s office should expect quite a ride. The Issas want to open 200 Asda convenience stores in their EG petrol stations by the end of next year and expand Asda into Europe.

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