Bond bids farewell to Poundland to concentrate on new role

DISCOUNT retailer Poundland is looking for a new non-executive director following the resignation of the chairman of its audit and risk committee.

Trevor Bond announced his decision to step down prior to Poundland’s annual general meeting on Friday (September 19).

Bond had been due for re-election at the AGM but the firm opted to remove the motion and is now on the hunt for his successor.

Bond recently took on a new executive position at Johnson & Johnson as Group Chairman, EMEA and he said he was stepping down from Poundland’s board to enable him to concentrate on his new role.

Darren Shapland, Poundland’s Chairman, said: “Trevor has been a member of the board for nearly seven months during which he helped us with the IPO and has chaired the Audit and Risk Committee.   

“He leaves with the appreciation and thanks of the whole company and we wish him well in his new executive role.  Recruitment consultants have been instructed to search for a replacement and I am confident we will appoint a similarly high calibre individual to our board shortly.”

Bond said: “It’s been a great privilege to have been a director at Poundland in what has been a pivotal year for the company which included a successful IPO and the expansion into continental Europe. I wish the company every success in the future.”    

All other motions at the AGM were approved.