• Bloomberg reports that Andy Bond, part-time chairman of Walmart-owned Asda Group in the UK, has stepped down “less than a year after he was succeeded as chief executive officer by Chief Operating Officer Andy Clarke.”
According to the story, “will leave the Bentonville, Arkansas-based retailer once it completes the acquisition of South Africa’s Massmart Holdings Ltd., Asda said today by e-mail. That is likely to take place by the end of March, it said.”
Walmart is buying 51 percent of Massmart for $2.5 billion (US).
• Michael J. Haaf, the longtime Senior Vice President of Sales, Marketing and Business Strategy for Food Lion, is moving to HVM LLC, which manages the 685-property Extended Stay Hotel chain, as the company’s Chief Marketing Officer, responsible for marketing, brand strategy and positioning, as well as sales and revenue management.
According to the story, “will leave the Bentonville, Arkansas-based retailer once it completes the acquisition of South Africa’s Massmart Holdings Ltd., Asda said today by e-mail. That is likely to take place by the end of March, it said.”
Walmart is buying 51 percent of Massmart for $2.5 billion (US).
• Michael J. Haaf, the longtime Senior Vice President of Sales, Marketing and Business Strategy for Food Lion, is moving to HVM LLC, which manages the 685-property Extended Stay Hotel chain, as the company’s Chief Marketing Officer, responsible for marketing, brand strategy and positioning, as well as sales and revenue management.
- KC's View:
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I’ve interviewed Mike Haaf a number of times, and liked him a lot. I wish him good luck in his new role and industry.
