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Bond steps down as Asda chairman

London -- A Tuesday report by the Financial Times said that Andy Bond, former CEO of Asda, has left his post of part-time chairman of the United Kingdom’s second biggest supermarket by market share, a position that he has held for less than a year.

The report also said that Bond will leave Walmart as well, which owns Asda, once its $2.4 billion deal to acquire a majority stake in South Africa’s Massmart is complete around the end of March.

Bond announced last April that he was leaving Asda but would stay on as part-time chairman for at least six months. He was succeeded as CEO in May 2010 by Andy Clarke.

Since becoming chairman of Asda, Bond has been working on international opportunities for Walmart, and led the negotiations to acquire Massmart.

© 2014