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09.12 - 14:58
Asda appoints former M&S boss Stuart Rose as new chairman
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Asda has appointed Stuart Rose, the Conservative peer and former boss of Marks & Spencer, as its first dedicated chairman in more than 20 years.
Lord Rose, who helped fight off a 2004 bid from former BHS and Topshop owner Sir Philip Green in his time at M&S, is a retail veteran who has had stints at the boss of Iceland, Argos and former Topshop and Miss Selfridge group Arcadia, which he sold to Green in 2002. He was chair of the online grocer Ocado until May this year.
His appointment comes nine months after the completion of the £6.8bn acquisition of Asda by private equity firm TDR Capital and Blackburn-based billionaire brothers Mohsin and Zuber Issa who now co-own the UK’s third largest supermarket with US retail group Walmart. Rose will
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