Asda chief merchandising officer departs

Asda CEO

Chief merchandising officer Jesús Lorente in the latest executive to leave Asda, as the supermarket gears up for its merger with Sainsbury’s.

Lorente worked at Asda since 2017, following an eight-year stint at Carrefour.

He announced his departure just a few weeks after Asda’s finance chief Alex Russo left to take up a role with Wilko.

Asda said Lorente’s responsibilities will now be split between Anthony Hemmerdinger as senior vice president operations, and chief executive Roger Burnley.

The news comes as the Competition and Markets Authority begins the early stages of its probe into the potential merger between Sainsbury’s and Asda, an estimated £12 billion deal that was announced in April.

If approved, it would turn the nation’s second and third largest supermarkets into the combined number one grocery chain in the UK, usurping Tesco.

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