Andy Clarke named as Asda boss

Walmart has named Andy Clarke as the new president and chief executive of Asda.

Clarke joined Asda in 1992 and worked in a variety of roles, including store manager, business unit director of categories such as Frozen, Bakery and Produce and retail managing director for Asda's central division.

Between 2001 and 2005, he had senior roles at Matalan and Iceland before returning to Asda as retail director.

"I'm delighted to appoint Andy Clarke to be my successor," said Andy Bond. "He was clearly the right choice from the internal and external candidates we considered. I'm looking forward to doing everything I can to ensure a smooth transition for Andy in his new role."

Clarke will take up the role immediately, Walmart said in a statement.