Andy Bond has swapped the world of the multiples for independent retailing as executive chairman of forecourt retailer Euro Garages.
The former Asda CEO stepped down as the supermarket's chairman last week. He has made an undisclosed investment in Euro Garages, which was placed ninth The Grocer’s previous Top 50 rankings of independent grocery retailers.
“I’ve been hugely impressed by the business and the team at Euro Garages,” said Bond (pictured).
“In just 10 years, it has achieved significant scale in the sector and earned a well-deserved reputation for innovation, quality and customer service – values which are real success drivers in a retail business. I’m looking forward to helping the team continue its impressive growth.”
Mohsin Issa, director of Euro Garages, added: “Andy’s track record speaks for itself. As well as significant retail and management expertise, he brings enormous drive and energy to the team, which is critical in an ambitious, high-growth business like ours.
“I’m confident his appointment will help us accelerate the momentum we’ve created over the last 10 years and deliver our growth strategy.”
Bond spent less than a year as chairman of Asda, having handed over the reins as chief executive to former COO Andy Clarke.
Bond to exit Asda in March (4 January 2011)
Bond seeks wiggle room but Massmart safari is no holiday (analysis; 13 November 2010)
The Top 50 Independents: The will to survive (27 February 2010)