Pepco Group will nominate ex-CEO Andy Bond as the next chairman

Pepco Group will nominate ex-CEO Andy Bond as the next chairman

Pepco Group, owner of the Pepco and Dealz brands across Europe and Poundland in the UK, has announced the nomination of Andy Bond as Chairman and Neil Galloway as Chief Financial Officer.

The company said in a statement that the board will propose the appointment of Bond – who was the former CEO of Pepco Group and led it through its IPO on the Warsaw Stock Exchange – as chairman at the company’s general meeting on February 2, 2023.

Ex-CEO of Pepco Group Andy Bond will return as chairman

Richard Burrows, the company added, who took over as chairman in May 2021 at the time of the company’s IPO, will step down from the board at the end of the general meeting.

Commenting on the new nominations, Richard Burrows, outgoing chairman of Pepco Group, said: “It’s great to welcome Andy back as incoming chairman. Alongside Trevor Masters as CEO, Neil Galloway as CFO and an experienced board, Pepco Group will continue on its ambitious expansion plan.”

Bond stepped down from his executive duties and from the board in March 2022 as a result of health problems from which he has since fully recovered. He had a highly successful ten-year career with the Pepco Group including the listing of the business.

Commenting on his return to Pepco Group as Chairman, Bond said: “I am delighted to be joining Pepco Group in the role of Chairman. Pepco is a fantastic company with an exciting future ahead.”

Neil Galloway joins Pepco Group as Chief Financial Officer

Neil Galloway, the company added, will become Pepco Group CFO on April 1, 2023 from IWG plc, a leading provider of flexible workplaces in 120 countries, where he was executive vice president. He will be nominated as managing director at the company’s general meeting.

“I would like to express my thanks to Richard for his first class management of the Pepco Group, leading it and the board through a successful period, including as a publicly traded company. I am delighted to be working with Andy again, alongside Neil, says Trevor Masters, CEO of Pepco Group.

Prior to IWG, Galloway was group finance director and managing director from 2013 to 2019 at The Dairy Farm Group (now DFI Retail Group), the London and Singapore-listed international multi-format retailer operating supermarkets, convenience stores, health and beauty stores, home furnishing stores and restaurants across 11 markets in Asia. During his tenure, he was responsible for the group’s franchise with IKEA.

Prior to this, he was CFO and CFO of The Hongkong & Shanghai Hotels, owner and operator of Peninsula Hotels. He began his career in the investment banking sector, working on a wide range of transactions and holding senior positions at ABN AMRO and HSBC.

Leave a Reply

Your email address will not be published. Required fields are marked *