Andy Bond steps down as Asda CEO

Andy Bond is to step down as chief executive of Asda and take up the new role of chairman of the Asda Executive Committee.

Andy Bond
Andy Bond

Asda parent company Walmart says Bond will be leaving his role as president and CEO of Asda and will move to a new role as chairman of Asda’s Executive Committee.

The supermarket says it intends to appoint a new CEO for its UK business soon.

In the interim, Andy will remain as CEO and be responsible for day-to-day management of the chain.

His new role as chairman will be part-time and his responsibilities will include the smooth transition of the new CEO.

Doug McMillon, president and CEO of Walmart International, thanked Bond for his leadership role in the development of the Asda business during his time as president and CEO at the retailer.

He added that the supermarket is “very well positioned to continue to win in the UK market.”

Bond says: “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.”

Later this week Bond will outline the supermarket’s strategic framework for achieving growth, leverage and returns at Asda at an analyst meeting on Thursday (15 April).

Asda is said to be eying up Argos owner Home Retail Group in a bid to close the gap on its rival Tesco.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here