Bloomberg reports that Andy Bond, president/CEO of Walmart-owned Asda Group in the UK, will step down from that role and become part-time chairman of Asda’s executive committee.
Bond reportedly will remain in charge of day-to-day operations until a successor is named.
The Bloomberg story makes two interesting observations about the Asda change:
“Bond may be replaced by Andy Clarke, Asda’s chief operating officer, according to Natalie Berg, an analyst at Planet Retail in London. John Fleming, the chief merchandising officer of U.S. stores, or Stephen Quinn, the U.S. stores marketing chief, are also potential replacements, Berg said.”
“Bond, who joined the retailer 16 years ago, is the third executive in charge of one of Wal-Mart’s international businesses to step aside in less than a year. Vicente Trius departed as CEO of Latin American operations in November after less than five months in the job. He has been replaced by Eduardo Solorzano. Stephan Fanderl, the head of Wal-Mart’s Moscow office, also left in November. He hasn’t been replaced.”
Bond reportedly will remain in charge of day-to-day operations until a successor is named.
The Bloomberg story makes two interesting observations about the Asda change:
“Bond may be replaced by Andy Clarke, Asda’s chief operating officer, according to Natalie Berg, an analyst at Planet Retail in London. John Fleming, the chief merchandising officer of U.S. stores, or Stephen Quinn, the U.S. stores marketing chief, are also potential replacements, Berg said.”
“Bond, who joined the retailer 16 years ago, is the third executive in charge of one of Wal-Mart’s international businesses to step aside in less than a year. Vicente Trius departed as CEO of Latin American operations in November after less than five months in the job. He has been replaced by Eduardo Solorzano. Stephan Fanderl, the head of Wal-Mart’s Moscow office, also left in November. He hasn’t been replaced.”
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