LONDON -Struggling British supermarket Asda said on Saturday veteran retailer Allan Leighton would return as executive chairman, more than two decades after he served as CEO when he turned around the business before selling it to Walmart .
Leighton served as Asda CEO from 1996 to 2001, driving a turnaround with then chairman Archie Norman before the business was sold to Walmart for 6.7 billion pounds. Leighton also served as president of Canadian retail group Loblaw and chairman of Britain's Co-op and the"I am delighted to be returning to the business which has always been a special place for me," Leighton said.
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