Home improvement retailer Kingfisher names Claudia Arney as new chair
Reuters
Published Apr 15, 2024 07:56
LONDON (Reuters) - European home improvement retailer Kingfisher (LON:KGF) said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by non-executive director Claudia Arney.
The changes will take place at the conclusion of the company's annual general meeting on June 20, said the FTSE-100-listed owner of B&Q and Screwfix in Britain and Castorama and Brico Depot in France.
Arney has served as an independent non-executive director of Kingfisher since 2018 and is currently chair of Deliveroo and a non-executive director of Derwent London.
She has previously held non-executive roles at the Premier League, Telecity Group, Halfords (LON:HFD), Ocado (LON:OCDO) and Aviva (LON:AV).
Last month, Kingfisher warned profit would fall again this year after a 25% slump in its 2023-24 year that reflected a particularly weak French market.
Its shares are down 2% year-on-year.
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Written By: Reuters
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