Asda hunts for new finance director ahead of IPO

Asda Bridgwater

Asda has kicked off the search for a new finance director as it prepares for a return to the stock exchange.

The supermarket giant has instructed headhunters Heidrick & Struggles to find a heavyweight candidate who can help lead the public listing, according to The Sunday Times.

The move comes less than 18 months after Rob McWilliam took up the role on a fixed term contract last August. That deal currently runs until the end of 2020.

Asda owner Walmart admitted earlier this year that it is seeking an IPO for the Leeds-based business following the collapse of its proposed mega-merger with Sainsbury’s.

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