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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.
KC's View:
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.