• Tuesday, December 07, 2021
India Corona Update 
Total Fatalities 469,724
Total Cases 34,606,541
Today's Fatalities 477
Today's Cases 9,765
Pakistan Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
Sri Lanka Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
Bangladesh Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
UK Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
India corona update 
Total Fatalities 469,724
Total Cases 34,606,541
Today's Fatalities 477
Today's Cases 9,765

Business

Asda names Stuart Rose as new chairman

An Asda supermarket in Leeds, Britain. (REUTERS/Molly Darlington/File Photo)

By: Sattwik Biswal

BRITISH supermarket group Asda has appointed Stuart Rose, the former boss of Marks & Spencer, as its new chairman, tasking him with leading the board’s recruitment of a new chief executive, it said on Tuesday (23).

Rose, 72, also a former chairman of online supermarket Ocado , will take up the chairman role at Asda on Dec. 1, the group said.

Asda, Britain’s third largest grocer after market leader Tesco and Sainsbury’s, is owned by Mohsin and Zuber Issa and private equity group TDR Capital.

The brothers and TDR also own petrol forecourt business EG Group, which is also chaired by Rose.

Asda has been without a CEO since Roger Burnley abruptly left the group in August.

“The process to appoint a new chief executive officer for Asda, who has the vision to take this great business forward over the coming years, is a priority for the Board and we will be supporting the shareholders in this process,” Rose said.

Asda also named Alison Carnwath, a former chair of Land Securities, as a non-executive director, effective Dec. 1. She also sits on the EG board.

(Reuters)

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…