Former Pepco Group CEO to return as Chairman

Poundland and Pep&Co owner Pepco has announced the nomination of Andy Bond as Chairman and Neil Galloway as Chief Financial Officer.

Bond, who was the former CEO of Pepco Group and led it through its flotation on the Warsaw Stock Exchange, will join as Chairman on 2 February 2023. Richard Burrows, who joined as Chairman in May 2021 at the time of the Company’s IPO, will step down from the board on the same day.

Bond stepped down from his executive duties and from the Board in March 2022 as a result of health issues from which he has subsequently made a full recovery.

Galloway will join as Pepco Group's CFO on 1 April 2023 from IWG plc, a provider of flexible workspace in 120 countries, where he was Executive VP. He is an experienced public company CFO who worked in senior finance and commercial roles at multi-nationals over the last 15 years, including in cross-border retail.

Richard Burrows, Chairman of Pepco Group, said: “It is 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. Having led the board since the IPO and a smooth leadership transition to Trevor, I have seen the effectiveness of our strategy translate into very tangible growth and now is the right time for me to step aside.”

Andy Bond, Chairman designate of Pepco Group, added: “I am delighted to be re-joining Pepco Group in the role of Chairman. Pepco is a fantastic company with an exciting future ahead. I look forward to working with Trevor and Neil, the Board and other stakeholders to continue the Group’s growth story. 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.”