Asda has become the latest business under new owners to lose its chief financial officer as it announced the departure of John Fallon, a year after he took up the role.
Fallon, who was promoted from deputy to succeed Rob McWilliam in April last year, decided to leave the business to explore new opportunities, the supermarket announced over the weekend.
Asda announced his replacement will be Michael Gleeson, who stepped down as CFO at Morrisons last month having been in the role since February 2020.
Gleeson joined Morrisons in 2014 as group financial controller, later serving as supermarkets financial director and trading director of ambient, frozen, dairy, fuel and services.
He also previously worked for Tesco in a number of senior finance roles.
Earlier this month Morrisons promoted its operations development director Joanna Goff to become Gleeson’s successor.
“I am delighted we are able to announce Michael Gleeson will be joining us as our new chief financial officer,” says Asda co-owner Mohsin Issa. “Michael brings a wealth of experience to this role, and we are looking forward to welcoming him next year.
”In the meantime, John will take on some specific projects and Steven Nuttall, VP commercial finance, will take on some extra accountability in the day-to-day running of our finance function and this will help ensure there is a smooth transition.”
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