Andy Bond steps down as Asda chief executive
Andy Bond will be leaving his role as President and CEO of Asda and is moving to a new role as Chairman of AsdaÂ’s Executive Committee.
The company said it was its intention to appoint a new CEO for its UK business soon. In the interim, Bond will remain as CEO and be responsible for day-to-day management of Asda. His new role will be part-time and his responsibilities will include the smooth transition of the new CEO.
Andy Bond said, “I’m very proud to have led Asda for the past five years and helped it find a new confidence to serve its customers better. We have a strong leadership team that’s fully engaged in the business, and I’m looking forward to working with the new CEO to build upon the foundation we’ve put in place for continued success.”
Asda said Andy Bond had accomplished "tremendous growth" during his time at the company. It added that he would announce a new growth strategy for the company later this week.
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