Kingfisher plc today announced that a decision has been made to launch the succession process for the position of Group CEO that will commence immediately. Véronique Laury, Group Chief Executive Officer, fully supports the decision, and both she and the Board wish to ensure an orderly transition. Kingfisher are operating three DIY retail networks in Central and Eastern Europe: Castorama, in Poland, Brico Depot, in Romania and Koçtaş, in Turkey.
A departure date has not yet been decided and this will be confirmed by the Company in due course and, until then, Véronique will continue with her responsibilities.
“I have enjoyed leading the ONE Kingfisher team through the transformation to become the leading home improvement company. We have a strong purpose to create good homes by making home improvement accessible for everyone.
I have always been passionate about this and still am. I would like to thank all our colleagues for their hard work and great achievements. Leading the transformation has been so exciting but also very challenging. As the transformation approaches its final year, I believe it is right for someone else to lead the next phase of the ONE Kingfisher journey.
I will continue to give 100 per cent until the day I depart”, said Véronique Laury, Chief Executive Officer Kingfisher Group.
Moving into a new phase
“Vero has been a powerful leader of the business and the driving force behind our plan to turn Kingfisher into a more unified and innovative business. This year will mark a transition in our transformation journey having now reached a critical mass. We are starting to see clear evidence emerging that we can create a powerful and differentiated home improvement experience for our customers which will convert to profitable growth going forward.
We are now moving into a new phase where we can extract more of the benefits resulting from the hard work that has been put in, and it is therefore timely that we commence a succession process. Vero has brought great vision to the business and I would like to take this opportunity to thank her for all of her hard work and passion, and for her ongoing commitment to transforming Kingfisher into a business with a stronger foundation for sustainable growth”, said Andy Cosslett, Chairman of Kingfisher Group.
Further updates will be provided as appropriate.
Kingfisher are operating three DIY retail networks in Central and Eastern Europe: Castorama, in Poland, Brico Depot, in Romania and Koçtaş, in Turkey. Kingfisher have taken the decision, in 2018, november, to exit Russia, Spain and Portugal, to focus on markets where retailer have, or can reach, a market leading position.
Kingfisher is also today announcing some senior management changes. Firstly, Steve Willett, Chief Transformation, Digital & IT Officer, has decided to retire after nearly 20 years with the business. In addition, the Company announced the appointment of John Wartig, who replaces Karen Witts as Chief Financial Officer on an interim basis. John will join the business on 8 April 2019 and brings a wealth of international experience covering both financial and consumer facing businesses. John will not become a member of the Board of Directors.
Kingfisher plc is an international home improvement company with 1,331 stores in 10 countries across Europe, Russia and Turkey, supported by a team of 77,300 colleagues.
This article is part of the CEE DIY retail category from www.bricoretail.ro B2B publication and bring together news, in english, from Central and East Europe related with DIY and home improvement retail.
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