Former Asda chief leaves the big corporate life
January 11, 2011
Andy Bond is set to leave Asda this month, and as he does he is leaving behind the big “corporate life” as well.
The former chief executive of the FTSE 100 Index company worked his way to the top of the retailer after joining Asda in 1994. Since that time, he has become a rising star in the retail sector and was expected as a logical candidate for chairman of the firm. In April, however, the 39-year old turned the assignment down.
Now, Bond will take over the helm of two up and coming ventures – forecourt operator Euro Garages and Republic, a fashion chain. The appointment will mark a drastic lifestyle change for the retail mogul as he offers management advice in exchange for stockholdings in the growing businesses.
Both companies are close to Bond’s residence in Yorkshire and are looking to move into national production rates. Republic was established in 2007 in Leeds and now trades with 113 stores in the area. It offers high end brand names like G-Star and Diesel, but also carries its own labels such as Miso.
Euro Garages has moved into the second largest forecourt operator position in the UK in a short time. It operates out of Blackburn and runs operations in Midlands and the north of England.
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