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UK supermarket Asda confirms CEO Burnley to leave next year

Reuters
CEO of ASDA Roger Burnley, poses for a photograph at an event in London

LONDON (Reuters) - British supermarket group Asda said on Thursday that chief executive Roger Burnley will leave the business next year, confirming a Sky News report.

Last October U.S. giant Walmart sold a majority holding in Asda to the billionaire Issa brothers and private equity group TDR Capital in a deal giving it an enterprise value of 6.8 billion pounds ($9.5 billion).

Asda said Burnley will exit when the business has transitioned fully to the new ownership and once his long-term successor is in place.

(Reporting by James Davey, editing by Estelle Shirbon)