Bloomberg News

Wal-Mart’s Asda Names John Lewis’s Mayfield as Finance Chief

February 27, 2012

Asda, Wal-Mart Stores Inc. (WMT)’s U.K. supermarket chain, hired John Lewis Partnership Plc’s Richard Mayfield as chief financial officer, ending a four-month search.

Mayfield, 43, will join Asda in the summer after 10 years at John Lewis, including five years as finance director of the Waitrose Ltd. grocery chain, the Leeds, England-based retailer said today in a statement. He’s currently director of John Lewis’s shared-services division including financial, information technology, human resources and procurement.

“Richard brings a tremendous track record as one of Britain’s most talented finance directors to his new role,” Chief Executive Officer Andy Clarke said in the statement.

Asda last week reported a 1 percent increase in same-store sales for the 14 weeks ended Jan. 7, slower than the third quarter’s 1.3 percent growth. The grocer said it maintained that pace in January, led by online sales, a guarantee to be 10 percent cheaper than rivals, and investment in its mid-tier ‘Chosen By You’ range. The figures exclude sales of fuel.

Rob McWilliam, who had been filling in as CFO after Judith McKenna was promoted to the role of chief operating officer in September, will become strategy director across the U.K., Europe, Middle East and Asia, Asda said today.

To contact the reporter on this story: Sarah Shannon in London at sshannon4@bloomberg.net.

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net


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