Asda CEO Steps Down

London, Asda, Britain’s No. 2 foodseller, today announced the resignation of CEO Tony DeNunzio. His next position will be as chairman of the executive board at Dutch retailer Vendex KBB. DeNunzio has been with Asda since 1993, serving as finance director of the Allied Maples Division and later as group finance director. He also played a key role in Wal-Mart’s acquisition of Asda in 1999, and was named CEO in July 2002.