Business

Asda chief executive Sean Clarke steps aside as chain seeks recovery

Deputy Roger Burnley to take over as pressure grows to revive grocer’s fortunes amid stiff competition from Aldi and Lidl

Asda has parted company with its chief executive after only 18 months, despite recent signs that a trend of falling sales, amid a price war with discounters Lidl and Aldi, was being arrested.

The supermarket chain, whose US parent, Walmart, is the world’s largest company by revenue, said Asda’s chief executive, Sean Clarke, would be replaced by his deputy, Roger Burnley.

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