Alex Russo joins Asda as its CFO as Richard Mayfield moves into Walmart role

The grocer Asda has appointed Alex Russo as its new Chief Financial Officer.

Former Tesco man Russo will take up the role from 6 January when Richard Mayfield begins a new post as CFO of Walmart’s EMEA region

Russo, who has a strong background in international retail, has previously worked as independent director at Peru-based Delosi, which specialises in restaurant franchises, as well as CFO of Tesco’s South Korean business.

Asda president Andy Clarke commented: “With a strong pedigree as an international retail leader, Alex is a great addition to the Asda team. He will play a crucial role in delivering our new strategic priorities.”