Kingfisher CEO Thierry Garnier to step down, join Ahold as chief (updated)

Koninklijke Ahold Delhaize

06/05/2026 07:50

Updates with details, changes headline

May 6 (Reuters) - European home improvement retailer Kingfisher KGF.L said on Wednesday Chief Executive Thierry Garnier will step down after nearly seven years in the role, with a 12-month notice period.

Garnier has
resigned
 to take up a leadership role at Netherlands-headquartered supermarket group Ahold Delhaize AD.AS, which earlier in the day named him as its next chief. He shall succeed Frans Muller in April 2027.

Kingfisher, which reported in March a 6% rise in adjusted pretax profit to 560 million pounds ($760.93 million) for the year ended January 31, said it would announce Garnier's exact departure date in due course.

The company is yet to appoint a new chief, and said the review will cover both internal and external candidates.

  ($1 = 0.7359 pounds)

 (Reporting by Ankita Bora in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-Phillips)

 ((Ankita.Bora@thomsonreuters.com;))