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• Andy Clarke, CEO of Walmart-owned Asda Group in the UK, said over the weekend that he will eventually be replaced by Roger Burnley - who hasn't even joined Asda yet as COO. Burnley was rival J. Sainsbury's director of retail and operations when he was named COO of Asda last October, but he won't begin at Asda for another four months.

Bloomberg quotes current Asda CEP Clarke as saying that he "wanted to find somebody who had the ability to be my successor. It took us some time to find the right person, the right cultural fit, the right sort of character and leader that can run the business." The story also notes that Asda's poor recent performance has been criticized by David Cheesewright, CEO of Walmart’s international unit, as being "very disappointing."
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