Wal-Mart presented the presidency of Asda to chief operating officer Andy Bond as he celebrated his 40th birthday.
As predicted by The Grocer last week, Bond now takes the reins of the UK’s second-biggest retailer after Tony DeNunzio’s departure for Dutch retail group Vendex KBB.
Bond has swiftly climbed the Asda ladder since joining as marketing manager in 1994 and his promotion is a popular choice at Asda House.
Trading and marketing director Angela Spindler, who was also touted as a front-runner for the job, said she was delighted that her long-time colleague had been rewarded. “It’s a buzz for everyone to see someone moving though the business in recognition of their work. Wal-Mart has given the UK team a real vote of confidence by asking Andy to step up,” said Spindler.
Bond was promoted from his position as marketing director to corporate marketing director in 1998. He became European private label director in 1999, managing director, George, in 2000 and chief operating officer in September last year.
HR director David Smith said that it was great to see another of Asda’s talents rise to the top. “George is now well on the way to becoming the biggest clothing brand in the world.”