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Bond steps down as Asda chairman

LONDON - A Tuesday report by the Financial Times said that Andy Bond, former CEO of Asda, has left his post of part-time chairman of the United Kingdom’s second biggest supermarket by market share, a position that he has held for less than a year.

The report also said that Bond will leave Walmart as well, which owns Asda, once its $2.4 billion deal to acquire a majority stake in South Africa’s Massmart is complete around the end of March.

Bond announced last April that he was leaving Asda but would stay on as part-time chairman for at least six months. He was succeeded as CEO in May 2010 by Andy Clarke.

 

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