Asda senior staff to exit after Walmart’s share payout

Asda Walmart Roger Burnley
Walmart completed its £6.8 billion sale of Asda to the Issa brothers and TDR Capital in February
// Asda senior staff are preparing to stage an exodus
// Headhunters said that they had been contacted by several Asda executives looking to exit
// Some Asda executives decided to leave as they would no longer be able to take part in Walmart’s sharesave scheme

Asda senior staff are reportedly preparing to stage an exodus at the Big 4 grocer after receiving final payouts from a share scheme run by its US owner.

Headhunters said that they had been contacted by several Asda executives looking to exit, with one saying that the level of inquiries was much higher than normal for the sector.

Walmart completed its £6.8 billion sale of Asda to the Issa brothers and TDR Capital in February.


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Asda employees were eligible to take part in Walmart’s sharesave scheme, with stock held over the past three years vesting this month.

Some Asda executives had decided to leave because they would no longer be able to take part in Walmart’s scheme, The Times reported.

Asda has restructured its staff bonus opportunities to mitigate the loss of the Walmart share scheme.

Staff can receive between 100 per cent and 200 per cent of their salary in cash bonuses, depending on their seniority.

Asda said it recently hired Sam Dickson from Waitrose as a new vice-president, while Carl Dawson had left his chief information officer role at Marks & Spencer to take the same post at Asda.

Asda chief executive Roger Burnley said that he had made the “personal” decision to leave following speculations that the new owners had been looking for his replacement since Christmas.

Burnley said he couldn’t see himself committing to another five years, “which is quite a long time”.

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2 COMMENTS

  1. 100 to 200 percent of salary in bonuses what balony… asda colleagues used to double their money investing in the share programme so someone investing £30 over 3 years would make over a thousand pound profit all they are getting offered is an extra £100 in their £300 bonus assuming they receive full bonus most stores don’t and will increase to an extra £200 the following year and £300 the year after all emergency taxed too as the bonus is payed in wages and classed as an extra tax payment … doesn’t even come a tiny bit close to the money they made investing in company shares which is now been taken away from them and a £100 bonus is not a years salary

    • No one knows if the new owners will setup a new scheme. the bonus is £400, goes up to £600 feb 2022 then £800 the following year,

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