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Carrefour revamps board of directors after Arnault sells stake

Published 07/09/2021, 08:30
Updated 07/09/2021, 08:36
© Reuters. FILE PHOTO: The logo of French retailer Carrefour on shopping trolleys in Sao Paulo, Brazil, July 18, 2017. REUTERS/Paulo Whitaker/File Photo
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PARIS (Reuters) - France's supermarket group Carrefour (PA:CARR) said on Tuesday that two representatives of Financiere Agache, Alexandre Arnault and Nicolas Bazire, have resigned as board members.

© Reuters. FILE PHOTO: The logo of French retailer Carrefour on shopping trolleys in Sao Paulo, Brazil, July 18, 2017. REUTERS/Paulo Whitaker/File Photo

The resignations come after French luxury goods billionaire Bernard Arnault last week sold a 5.7% stake in Carrefour via Financiere Agache, his holding company.

Carrefour also said the company would appoint advertising group Publicis' chairman and chief executive officer Arthur Sadoun as a director and seek ratification at its next shareholders meeting.

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