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Asda starts search for chief operating officer

Asda has begun looking for a new chief operating officer to replace retail director Mark Ibbotson and to eventually succeed chief executive Andy Clarke.

Ibbotson was also responsible for IT and distribution and moved to US parent company Walmart in February to take on the role of senior vice-president for innovation.

According to The Financial Times the new chief operating officer will be a likely candidate to replace supermarket boss Clarke who became chief executive five years ago.

@jillgeoghegan

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