Walmart today announced that 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, Andy 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.
During his tenure as President and CEO, Asda colleagues have accomplished tremendous growth in the Asda business. Asda has recently had the most successful period in its history, revealing that 2009 was its best-ever year, capping 15 straight quarters of market outperformance and beating all its sales and profit targets, despite a very challenging economy.