Asda has named Rob McWilliam as its new CFO. Credit: ASDA 2018.

British supermarket retail chain Asda has named Rob McWilliam as its new chief financial officer (CFO) after the current CFO Alex Russo decided to step down.

Russo joined Asda in 2014 after serving various roles with major brands such as Tesco, Kingfisher and Boots in the UK, Europe and Asia.

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In 2012, McWilliam left the supermarket chain as its finance director and joined Amazon UK, where he led finance and consumables.

In January, the company announced that he will work with Asda on a consultancy basis in supporting the strategic development of the company.

“We’ve been looking for a CFO who combines a deep knowledge of UK grocery retail, knowledge of Asda and Walmart relationships, and the skills to support the work we have to do.”

Asda CEO Roger Burnley said: “In the light of Alex’s move, we’ve been looking for a CFO who combines a deep knowledge of UK grocery retail, knowledge of Asda and Walmart relationships, and the skills to support the work we have to do to successfully complete our combination with Sainsbury’s.

“With that in mind, after four years with Amazon UK, leading finance and consumables, followed by 18 months in a variety of non-executive roles, we’re pleased to announce that Rob McWilliam will be rejoining Asda as chief financial officer.

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“Rob is no stranger to the Asda/Walmart business having previously clocked up 15 years’ experience in the Asda Finance team and, since January, Rob has also been working closely with Roger, supporting on Asda strategy. This will allow Rob to hit the ground running.”

“Alex will leave Asda at the end of July, with Rob McWilliam, Asda’s former finance director returning to the business and taking on the role of CFO.”

Russo will leave the supermarket chain by the end of this month, marking the return of McWilliam.

Asda has also promoted John Fallon as its new deputy CFO and will assume a broader leadership role within the business.