Kingfisher plc (‘Company’ or ‘Kingfisher’) today announces that, as part of the Board’s regular talent and succession planning process, a decision has been made to launch the succession process for the position of Group Chief Executive Officer. This 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.
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.
Véronique Laury, Chief Executive Officer, commented:
“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.”
Andy Cosslett, Chairman, commented:
“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.”
Further updates will be provided as appropriate.
Source : Insight DIY & Kingfisher PLC