David Potts becomes Asda chief executive

Asda has appointed former Morrisons chief executive David Potts to lead the supermarket with immediate effect.

Allan Leighton led Asda. He will now be non-executive chairman.

David Potts will lead Asda. He now has responsibility for the company.

Potts led Morrisons from 2015 to 2023. He worked at Tesco for many years.

Potts said Asda had made good progress. He said more work was needed.

He said low prices would be important. Asda wants to improve sales.

Section: Business

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