date:May 31, 2023
ness.
Asdas existing leadership team currently includes Michael Gleeson as chief financial officer, who took up his post on May 24.
The business has also commenced a formal search for a new CEO which is expected to take several months.
Asda will hire additional non-executive directors to its board.
The upcoming transaction will be funded by a combination of debt and equity, including 450 million (US$558.4 million) of equity being provided by the shareholders, 770 million (US$955.5 million)