Charles Kay, managing director of Netto UK, has stepped down from the business, just six months after the hard discounter was sold to grocer Asda.
It is unclear if Kay has a position to move to. It had previously been thought that Kay would stay on until the conversion to Asda has been completed.
Asda bought the Danish hard discounter’s UK business in May for £778m. The deal means Asda can make its move into smaller supermarkets, with the average Netto store size around 10,000 sq ft.