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Kingfisher chief executive Thierry Garnier has resigned after nearly seven years in the role to join an unnamed company outside the sector.
The board has started a formal search for a successor, led by the nomination committee, considering both internal and external candidates for the position.
Garnier will remain in his post during a 12-month notice period to oversee an orderly transition. His exact departure date is yet to be confirmed.
The company stated that its existing strategy and operational momentum would continue under the current leadership team during the recruitment process.
Kingfisher chair Claudia Arney said: “On behalf of the board, I would like to thank Thierry for his outstanding leadership and contribution as Kingfisher’s CEO. During his tenure, Thierry has overseen the launch and progress of our ‘Powered by Kingfisher’ strategy, led the Company through the COVID-19 pandemic and driven many strategic innovations such as the launch of Kingfisher’s marketplaces and the development of our trade business, while also executing at pace on all our priorities.
“Under his leadership, Kingfisher has become a leading home improvement group underpinned by strong banners across the UK and Europe. Thierry has built an experienced leadership team who are well placed to continue delivering on our strategy and growth opportunities. We wish him the very best for the future.”
Garnier added: “It has been a real privilege to serve as Kingfisher’s CEO over these years. I am very proud of the progress we have made together and what we continue to build for the future. I remain focused on continuing to execute on our strategic plans with all my energies, so as to leave Kingfisher in the best possible shape for the future, and I look forward to ensuring a successful transition to my successor in due course.
“I would like to sincerely thank all our dedicated colleagues across the group in our stores and offices, whose hard work and commitment are at the heart of our achievements and will stand Kingfisher in good stead in the future.”
