Asda has appointed Michael Gleeson as its new chief financial officer following John Fallon’s decision to resign from the supermarket after less than a year in the job.
It has been confirmed that Fallon – who was promoted to the role in June 2021 – has left the business in order to take on new challenges.
Gleeson will join the supermarket next year, with Asda’s vice president of commercial finance, Steven Nuttall, taking on the day-to-day running of the finance function in the interim.
Fallon will also be helping out on some “specific projects” over the coming year.
Gleeson has been chief financial officer at Morrisons since February 2020. He joined the supermarket in 2014 as group financial controller and since then has worked as the supermarket’s financial director and trading director across ambient, frozen, dairy, fuel and services.
Prior to Morrisons, Gleeson worked in a number of senior finance roles at Tesco, including group financial planning and analysis director and chief financial officer of Tesco.com.
“I am delighted that we are able to announce that Michael Gleeson will be joining us as our new chief financial officer,” said Mohsin Issa, Asda co-owner.
“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 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.”