Asda Properties chairman Manny Davidson has promoted property director Patrick Ranger to managing director. The move seems to confirm long-held City suspicions that Ranger, 39, is being groomed to run Asda when Davidson, 68, retires. Davidson and his family own 24% of the shares. The company also announced that James Scott has been appointed to the board to oversee the £300m investment portfolio. Mark Pollard has been put in charge of developments.
Asda Properties chairman Manny Davidson has promoted property director Patrick Ranger to managing director. The move seems to confirm long-held City suspicions that Ranger, 39, is being groomed to run Asda when Davidson, 68, retires. Davidson and his family own 24% of the shares. The company also announced that James Scott has been appointed to the board to oversee the £300m investment portfolio. Mark Pollard has been put in charge of developments.
