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KingfisherAnnouncement

06/09/2014 02:15

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RNS Number : 4245J
Kingfisher PLC
12 June 2014 
 
Board announcement 
 
Kingfisher plc, Europe's leading home improvement retailer, today announces
that Philippe Tible, CEO Castorama & Brico Dépôt brands, will step down from
the Board at the end of July. He will also step down as a member of the Group
Executive team but remain with the business until the end of the current
financial year to assist with the exclusive negotiations to acquire Mr
Bricolage, which was announced in April and to which Kingfisher remains fully
committed. 
 
Daniel Bernard, Kingfisher's Chairman, said: "We have a number of significant
developments currently underway in France, including the roll-out of the
Castorama 'Do it Smart' store format, the expansion of the Brico Dépôt
business in France and into other European markets and, most recently, the
announcement that Kingfisher is in exclusive negotiations to acquire Mr
Bricolage. As we enter a new phase of our development, it is clear that the
business needs the next generation of leaders to oversee these plans and so,
as a result, Philippe will step down. On behalf of the Kingfisher board I
would like to thank him for his very significant contribution over the years
and wish him well with his remaining time at Kingfisher and for the future." 
 
Sir Ian Cheshire, Kingfisher's Group Chief Executive, said: "I would like to
personally thank Philippe for his important work developing our businesses in
France, and more recently, Eastern Europe. He has put in place a first class
management team and nurtured a pipeline of executive talent which will benefit
us enormously in the future. As an example of this, I am delighted to announce
that Véronique Laury, CEO of Castorama France, and Alain Souillard, CEO Brico
Dépôt brand International, will both be promoted to the Group Executive team,
which in addition to the main Board, is responsible for the strategic
decision-making of the Group." 
 
Philippe Tible, CEO Castorama and Brico Dépôt brands, said: "We have created a
strong business in France and across Europe over the past few years and
developed a strong and capable team which will take our businesses through the
next phase of their development. I have worked closely with Véronique Laury
and Alain Souillard for many years and I welcome their promotion. I wish them
well in the future." 
 
Véronique Laury, CEO of Castorama France, and Alain Souillard, CEO of the
Brico Dépôt brand in France, Spain, Romania and Portugal, will join the Group
Executive team as of 1 July. Kingfisher's businesses in Poland and Russia will
report into Sir Ian Cheshire, Kingfisher's Group Chief Executive. 
 
Ends 
 
Notes to editors 
 
Philippe Tible, CEO Castorama & Brico Dépôt brands was appointed to the Board
in October 2012 and has spent 11 years at Kingfisher. He was appointed CEO
Castorama and Brico Dépôt brands after nine years with the Group. He
previously spent four years as Chief Executive of Kingfisher France. Prior to
this he spent five years as CEO of Castorama France. He holds responsibility
for the Castorama and Brico Dépôt businesses across the Group. 
 
Véronique Laury, CEO Castorama France 
 
Véronique was appointed to her current role in March 2013 and has spent 10
years at Kingfisher. Véronique has held a number of senior roles at Kingfisher
including Group Commercial Strategy Director, Commercial Director of B&Q UK &
Ireland and Commercial Director of Castorama France. 
 
Alain Souillard, CEO Brico Dépôt International 
 
Alain is responsible for Kingfisher's Brico Dépôt businesses in France, Spain,
Romania and Portugal. He joined Kingfisher in February 2010 after 35 years at
Carrefour. During his time at Carrefour, he was Chief Executive of Carrefour's
French hypermarkets division and ran Carrefour in Poland. 
 
Kingfisher profile 
 
Kingfisher plc is Europe's leading home improvement retail group and the third
largest in the world, with 1,134 stores in nine countries in Europe and Asia.
Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix.
Kingfisher also operates the Koçtaş brand, a 50% joint venture in Turkey with
the Koç Group. 
 
Enquiries 
 
Investors                                                                     
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Media (UK)                                                                    
                   +44 207 644 1030 
 
Media (France)                                                                
                +33 1 47 23 93 93 
 
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