Kingfisher PLC Directorate Change - Chairman (1430A)
March 22 2017 - 3:01AM
UK Regulatory
TIDMKGF
RNS Number : 1430A
Kingfisher PLC
22 March 2017
This release contains inside information
KINGFISHER PLC DIRECTORATE CHANGE - CHAIRMAN
22 March 2017
Kingfisher announces that its Chairman, Daniel Bernard, has
informed the Board that he will retire as Chairman and step down
from the Board at the AGM in June 2017, after eight years as
Chairman and 11 years on the Board. His successor, Andy Cosslett,
will be appointed to the Board as a non-executive director and
Chairman-designate on 1 April 2017, formally taking over as
Chairman at the conclusion of the AGM, once an orderly handover is
complete.
Daniel Bernard, Chairman, said:
"We are delighted to welcome Andy to Kingfisher. He is a very
experienced board director with strong branding and consumer
credentials gained at companies such as Unilever, Cadbury Schweppes
and InterContinental Hotels. As we are now at the end of the first
year of our exciting five year transformation plan, I believe it is
the right time for a new Chairman to oversee its full delivery and
Andy is uniquely placed to do this. It has been a real privilege to
chair this company and I wish Andy, Véronique and all the team the
very best for the future."
Véronique Laury, CEO, said:
"I would personally like to thank Daniel for his support and
wise advice since my appointment as CEO two years ago. His deep
understanding of retail and its necessary evolution, his passion
for people and his great leadership has been so important to
Kingfisher, the Board, the leadership team and of course, myself.
He has supervised the new strategic thinking as well as the first
successful year of transformation with challenge and dedication. I
have been lucky to work with him. I now look forward to working
with Andy, remaining as confident as ever in our ability to deliver
our plan."
Andy Cosslett, said:
"I am very pleased to be taking on this role at such an exciting
time for the company and look forward to joining a very strong and
diverse board."
Biographical note:
Andy Cosslett's early career was with Unilever in a variety of
branding and marketing roles. He then spent 15 years at Cadbury
Schweppes in senior, international roles before becoming CEO for
InterContinental Hotels Group (IHG). Andy was at IHG for six years,
creating value by leveraging the power of its brands alongside
effecting significant transformational and cultural change. He
served as CEO for Fitness First from 2012 to 2015, where he was
again successfully instrumental in repositioning the brand. Since
2015 Andy has also been Operating Partner for Advent
International.
Andy joined the Board of the Rugby Football Union (RFU) in April
2012 and he served as Chairman of the organising committee of the
2015 Rugby World Cup. He was appointed Chairman of the RFU in
October 2016.
Enquiries:
+44 (0) 20 7644
Group Company Secretary 1041
+44 (0) 20 7644
Investor Relations 1082
+44 (0) 20 7644
Media Relations 1030
+44 (0) 20 7260
Teneo Blue Rubicon 2700
There are no additional matters that would require disclosure
under LR 9.6.13 R (1) to (6) in relation to this appointment.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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