The retail group Pepco Group NV announced on Friday that it would fill two key positions in the coming year. The parent company of the discounters Pepco, Dealz and Poundland relies on a returnee and a newcomer.
According to the company, former CEO Andy Bond is set to take over as chairman at the annual general meeting on February 2, 2023. Bond, who announced his resignation as CEO last spring for health reasons, has now fully recovered, according to a statement. He will now succeed current Chairman Richard Burrows, who will step down from the Board at the end of the AGM.
At the same time, the Group introduced its designated Chief Financial Officer (CFO). Neil Galloway will take over the post on April 1, the retailer said. He comes from real estate service provider IWG Plc, where he currently serves as Executive Vice President. The experienced financial expert has held various management roles in multinational companies from different industries over the past 15 years, said his future employer.
The Pepco Group had been looking for a new chief financial officer since Nick Wharton’s resignation last spring. Mat Ankers is currently leading the department as interim CFO.