Paul Foley (pictured) has stepped down from the top job at Aldi in the UK and Ireland with immediate effect.
The decision for Foley to step down as MD was by mutual consent, Aldi said. Foley will be replaced at the helm by Armin Burger – a name not widely known in the UK grocery industry.
“I have enjoyed my 20 years with Aldi and worked with a fantastic team of directors, managers, staff and business partners,” Foley said in a statement, which claimed he would pursue new business interests.
Aldi said Foley was widely credited as challenging and changing traditional market perceptions to establish the discounter as a leading brand offering high-quality and best-value products.
Its plans for future development remain unchanged, the retailer added.
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