Aldi Australia has named Anna McGrath as its new CEO, succeeding former local chief Tom Daunt who became the business’ joint MD in May.

McGrath has been with the company for 17 years in various leadership roles and was the former group MD for both US and Australian businesses.

Of her appointment, McGrath said she is “honoured” to lead the business, adding that Aldi has always been focused on price leadership, but “it has never been more important than now”.

“We have a responsibility to maintain our price gap and show Australians, that are facing pressures within their family budgets, that they will achieve serious savings by changing their weekly shop to Aldi, without comprising on quality.”

According to third-party data, the company’s Price Promise helped contribute $3.1 billion in savings delivered directly to customers last year.

“We have a very strong strategy in place that is resonating with Australian customers, I’m looking forward to bringing Aldi savings to more and more households,” said McGrath.