Bond to leave Asda

Retail boss Andy Bond is to step down from heading up Asda, according to reports.

Bond is reported to be leaving his role as chief executive of the Wal-Mart-owned retailer to take up a position as chairman of Asda's executive committee in a part-time capacity. Bond had been at the chain for the last five years.

Media speculation as to a possible replacement, yet to be announced by Wal-Mart, is already gathering pace, with names including Andy Clarke, Asda's chief operating officer and Mark Price, MD of Waitrose, to the forefront.

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