LONDON, Mar 20 (AFP): Flagging European home-improvements retailer Kingfisher announced on Wednesday the departure of chief executive Veronique Laury, and signalled fresh closures of underperforming stores.
The company did give a precise reason for the exit of the Frenchwoman, who has been CEO at the London-listed company since late 2014. "Kingfisher plc today announces that ... a decision has been made to launch the succession process for the position of group chief executive officer," it said in a brief statement alongside gloomy annual results.
"This will commence immediately. Veronique Laury fully supports the decision, and both she and the board wish to ensure an orderly transition."
Kingfisher announces CEO exit
FE Team | Published: March 20, 2019 23:47:29
Kingfisher announces CEO exit
Share if you like