The News Craving
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Reuters UK
Reuters UK
LONDON (Reuters) -British supermarket group Asda has recruited former Tesco executive Ken Towle as its new retail director with responsibility for all stores, it said on Wednesday. The UK’s third largest grocer, owned since last February by Mohsin and Zuber Issa and private equity company TDR Capital, has been without a chief executive since Roger Burnley left abruptly in August. It said Towle, currently CEO of the Co-op Group-owned Nisa, will join Asda later this year. Prior to leading Nisa, Towle spent 30 years with market leader Tesco. Asda also announced the departure of another top execut…