REG - Kingfisher PLC - Directorate Changes

KingfisherAnnouncement

12/12/2024 07:00

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RNS Number : 7652P  Kingfisher PLC  12 December 2024

12 December 2024

KINGFISHER PLC

 

DIRECTOR APPOINTMENT AND REMUNERATION COMMITTEE CHANGES

 

Kingfisher plc ('Kingfisher') today announces the appointment of Lucinda
Riches to its Board of Directors as a Non-Executive Director and member of the
Audit, Nomination, Remuneration and Responsible Business Committees with
effect from 1 January 2025. Lucinda will be appointed Remuneration Committee
chair at the conclusion of the 2025 AGM, succeeding Rakhi Goss-Custard.

 

Rakhi will have served on the Board for nine years on 31 January 2025 and has
agreed to continue in post until the conclusion of the 2025 AGM to support an
effective transition to Lucinda. At that time, she will then step down from
the Board and as Remuneration Committee chair.

 

Lucinda is currently the independent Non-Executive Chair of Greencoat UK Wind
plc and Peel Hunt Limited. She is also a non-executive director of Ashtead
Group plc, where she chairs the remuneration committee. Lucinda has confirmed
that she will be stepping down from one of her other listed positions during
the course of 2025.

 

Prior to becoming a non-executive director, Lucinda had an executive career in
investment banking at UBS where she was Global Head of Equity Capital Markets
and a member of the board of UBS Investment Bank.  Her previous non-executive
director roles include CRH plc, ICG Enterprise Trust plc, the British
Standards Institution, Diverse Income Trust plc and UK Financial Investments
Ltd.

 

Commenting on the changes, Claudia Arney, Chair of Kingfisher's Board, said:

 

"I am delighted to welcome Lucinda to the Board. She is highly experienced,
having served in several roles as a non-executive director, board chair and
remuneration committee chair across multiple sectors, following a
distinguished senior executive career in investment banking. Her experience
will be invaluable as we continue to support our management team to drive
Kingfisher's strategy forward as well as making her an excellent choice to
succeed Rakhi as Remuneration Committee chair.

 

While Rakhi will remain with us until the conclusion of the 2025 AGM, I would
also like to take this opportunity to sincerely thank her for her many
contributions and valuable insights to Kingfisher over the last nine years. I
would also like to particularly thank Rakhi for stepping in as Remuneration
Committee chair for an important year and overseeing the review of our
remuneration policy."

 

This announcement is made in accordance with Listing Rule 6.4.6. There are no
further matters to be disclosed in respect of her appointment under Listing
Rule 6.4.8.

 

Enquiries:

 

 Investor Relations             +44 (0) 20 7644 1082  investorenquiries@kingfisher.com (mailto:investorenquiries@kingfisher.com)
 Media Relations                +44 (0)7773 129 567   corpcomms@kingfisher.com (mailto:corpcomms@kingfisher.com)
 Company Secretary              +44 (0)7768 806 248   secretariat@kingfisher.com (mailto:secretariat@kingfisher.com)

 

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