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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/asda-boss-snubs-big-corporate-life.jpg"><img class="alignnone size-full" title="Andy Bond is to turn his back on big corporate life following his departure from Asda" src="http://londonglossy.com/wp-content/uploads/2011/01/min-asda-boss-snubs-big-corporate-life.jpg" alt="Andy Bond is to turn his back on big corporate life following his departure from Asda"/></a></p>
<p>A retail high-flyer who became boss of Asda at the age of 39 is to turn his back on big corporate life following his departure from the chain.</p>
<p>Andy Bond spent five years as Asda&#8217;s chief executive after joining the supermarket in 1994 but has opted to join two up-and-coming retail businesses &#8211; fashion chain Republic and forecourt operator Euro Garages.</p>
<p>As executive chairman of both firms, he will invest his own money and offer management time in return for an equity stake in both businesses. The appointments represent a change of direction for the retail boss, who has long been seen as a prime candidate to head a FTSE 100 Index company but now says he wants to move on from big corporate life.</p>
<p>The two firms are near to his Yorkshire home and have plans to grow from medium-sized players into large-scale national operators.</p>
<p>Republic, which is based in Leeds, launched in May 2007 and trades from 113 stores, offering high street brands such as G-Star, Henleys and Diesel as well as its own labels such as Soul Cal and Miso.</p>
<p>Blackburn-based Euro Garages is the UK&#8217;s second largest independent forecourt operator with 67 sites across the Midlands and north of England. It has a turnover of £285 million and employs about 1,000 people.</p>
<p>Mr Bond has already announced his involvement with Portsmouth-based Wiggle, an online shop for racing bike enthusiasts.</p>
<p>He told The Sunday Times that he welcomed the opportunity to take a more measured and longer-term view of trading.</p>
<p>Mr Bond said: &#8220;A lot of big companies don&#8217;t have the ability to focus on long-term growth any more because they have to be the masters of short-term financial control. They are corrupted by the need to report those results rather than sort out where they are going for the next five years.&#8221;</p>
<p>Mr Bond&#8217;s departure as chief executive of Wal-Mart-owned Asda was announced in April but he stayed to choose his successor &#8211; chief operating officer Andy Clarke &#8211; and headed the Wal-Mart team that recently bought South Africa&#8217;s Massmart.</p>
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