KKR hires ex-Asda chief as senior adviser

De Nunzio already holds board positions on several of KKR's major retail investments. As part of the appointment he will also join KKR's portfolio management committee.

KKR portfolio companies he is involved in include Netherlands-based retailer Maxeda, the UK's Pets at Home and Alliance Boots.

KKR says De Nunzio will help the firm identify opportunities in the European retail sector, at a time when it is suffering from a fall in consumer spending.

De Nunzio was chief executive of Asda from 2002 until 2005. Following his term at the British supermarket chain he became non-executive chairman of Maxeda.

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