Former Asda chief executive Andy Bond has been appointed as the new executive chairman of Poundland, effective at the start of the new year.
Bond replaces Kevin O‘Byrne, who announced his resignation last week to take up a chief finance officer post with Sainsbury‘s.
Bond has been chief executive of general merchandise business Pepkor for the past two years, a firm that is owned by the same parent company as Poundland, Steinhoff.
READ MORE: Sainsbury‘s poaches Poundland CEO Kevin O’Byrne for chief finance role
He held the role of Asda chief executive from 2005 to 2010 and led negotiations for Steinhoff when the South African retail giant commenced its acquisition bid for Poundland.
At Pepkor, Bond was responsible for launching its UK brands, such as the Guess How Much discount houseware shops and the Pep & Co budget fashion chain, which opened 50 stores in its first year.
Bond has said that he will aim to make Poundland “the centre of all Pepkor operations in both the UK and Europe”.
Click here to sign up to Retail Gazette’s free daily email newsletter

3 Comments. Leave new
Well today we went into the store in Telford had a basket full of shopping went to the tills waited 10 mins for someone to tell us the tills was not manned and was told to us the self scanner well i dont think so dont like them my husband just said leave the shopping we will go back too using wilko we had a lot of stuff in our basket we are so angry that is not the way to treat customers
Store manager assult memer of staf that threatned
To let on that manager drunk when on duty at Abeyhill store edinburgh
Also heard him threaton to move female member of staff if she didnt do sshe was told although this wuld mean breaking Health and Safety rules
Read this or contact me