Belfast Telegraph

Asda chairman Bond steps down

ASDA chairman Andy Bond has stepped down from the role after 16 years at the Wal-mart-owned grocer. As Wal-Mart's executive vice-president responsible for the UK and Africa, he will now focus on the acquisition of the Massmart retail chain in South Africa until the end of March. Mr Bond joined Asda, the UK's second-biggest supermarket chain, in 1994 and was CEO for five years.