Kingfisher Chief Executive Officer Thierry Garnier has resigned.
In a statement, Kingfisher said Garnier will remain fully focused on his current role as CEO and as a member of the Board to ensure a smooth and orderly transition of responsibilities. He has a 12-month notice period, with the exact departure date to be announced later.
Garnier will take up a senior leadership role at another company outside Kingfisher’s markets after leaving the business.
“It has been a real privilege to serve as Kingfisher's CEO over these years. I am very proud of the progress we have made together and what we continue to build for the future. I remain focused on continuing to execute our strategic plans with full commitment, so as to leave Kingfisher in the best possible shape for the future, and I look forward to ensuring a successful transition to my successor in due course,” said Garnier.
Led by the Nomination Committee, the Board of Directors has begun the search for Garnier’s successor.
Claudia Arney, Chair of Kingfisher, said: “During his tenure, Thierry has overseen the launch and progress of our ‘Powered by Kingfisher’ strategy, led the Company through the COVID-19 pandemic and driven many strategic innovations such as the launch of Kingfisher’s marketplaces and the development of our trade business, while also executing at pace on all our priorities.
“Under his leadership, Kingfisher has become a leading home improvement group underpinned by strong banners across the UK and Europe. Thierry has built an experienced leadership team that is well placed to continue delivering on our strategy and growth opportunities.”
