Andy Bond is to return to Poundland owner Pepco Group as its new chair.

Andy Bond

Andy Bond will rejoin as chair in February 2023

Ex-Asda boss Bond formerly served as chief executive of the group and led its float on the Warsaw Stock Exchange in April last year. 

He was forced to step down in March due to health reasons, but Pepco said he has now “fully recovered” ahead of his return to the business.

Bond will take over from Richard Burrows following the group’s AGM on February 2, 2023.

Burrows has been chair since May 2021.  

Bond said: “I am delighted to be rejoining Pepco Group in the role of chairman. Pepco is a fantastic company with an exciting future ahead.

“I’d like to thank Richard for the great job that he’s done in leading the board and wish him well in the future.”

Bond will be joined at Pepco by new chief financial officer Neil Galloway, who is making the move from global flexible workspace provider IWG, where he currently serves as executive vice president. Galloway will start on April 1, 2023. 

Prior to IWG, Galloway held senior finance roles at Dairy Farm International and Hongkong and Shanghai Hotels. He also spent time in the investment banking sector, including senior positions at ABN AMRO and HSBC.

Galloway said: “It is fantastic to be joining Pepco Group at such an exciting time in the group’s journey. I look forward to working with Trevor and the group’s leadership team, to capitalise further on the growth opportunities ahead.”

Pepco chief executive Trevor Masters said: “I would like to express my thanks to Richard for his first-class stewardship of Pepco Group, guiding it and the board through a successful period, including as a listed company. I am excited to be working with Andy again, alongside Neil.

“Neil brings a wealth of retail and finance experience, and a track record in supporting growing businesses in global markets. His expertise will be instrumental in supporting the group’s strategy to be a bigger, better, cheaper and simpler business.

“I would like to sincerely thank Mat Ankers, who continues to make a significant contribution as interim CFO and will enable a smooth transition as Neil joins.”

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