Asda chief Andy Clarke to be replaced by Sean Clarke

June 13, 2016 10:24 am Published by

Asda chief Andy Clarke to be replaced by Sean Clarke

  • 13 June 2016
  • From the section Business

Man carrying Asda basketImage copyright
Reuters

Asda owner Walmart has said the UK supermarket’s chief executive, Andy Clarke, is stepping down to make way for the head of Walmart’s Chinese business, Sean Clarke.

Walmart said his retail experience would allow him to “reposition the business” in a competitive market.

Sean Clarke started his retail career at Asda in 2001 and has also worked for Walmart in Japan and Canada.

Asda has now reported seven straight quarters of declining sales.

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