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The new Kingfisher CEO, Thierry Garnier, comes from Carrefour

Véronique Laury's successor at the helm of Kingfisher is Thierry Garnier. The Frenchman is switching from the French retail group Carrefour. Garnier will be appointed to the board as an executive director and will take over the position of Chief Executive Officer from Laury, who will step down by the end of September 2019.

The future Kingfisher boss, who was honoured by the French state as Chevalier de l'Ordre national de la Légion d'Honneur, is currently a member of the Carrefour Group Executive Committee and the Chief Executive Officer of Carrefour Asia, where he is responsible for over 350 stores in China and Taiwan, with 55 000 employees, and gross sales of over EUR 6 bn. Kingfisher introduces its new CEO: as the leader of Carrefour's Asian business since 2012, he has developed and executed a strategy oriented around innovative new digital capabilities, centralised buying, new format implementation, e-commerce and strengthening stakeholder relationships.

From 2003 to 2008, Thierry Garnier was the Managing Director of Supermarkets for Carrefour France, where he rebranded the Champion supermarket format to the Carrefour Market fascia. This format was rolled out to 1 000 supermarkets in France, with sales of approximately EUR 13 bn. During this period he oversaw a significant improvement in performance by doubling non-food sales, investing in own-brand ranges, improving the pricing structure and restructuring the supply chain. Following this period, he became Carrefour's International Operations Director in 2008, with a broader remit including Asia, Latin America and various European countries.

|27 June 2019


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