Kingfisher, the parent company of DIY retailer B&Q has announced that its chief executive Thierry Garnier has resigned after almost seven years in the role, and it has begun its search for his successor.
From April 2027, Garnier is set to take up a senior leadership role at a company outside the sector, with the Netherlands-based supermarket group Ahold Delhaize.
Garnier has a 12-month notice period, with Kingfisher saying he 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”.
Kingfisher says its Board has a well-prepared succession plan in place, and that its Nomination Committee has already begun its search for a new CEO. According to the company, this will include a review of both internal and external candidates to find a worthy successor.
“It has been a real privilege to serve as Kingfisher’s CEO over these years,” Garnier commented, adding: “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 on our strategic plans with all my energies, 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.
“I would like to sincerely thank all our dedicated colleagues across the group in our stores and offices, whose hard work and commitment are at the heart of our achievements and will stand Kingfisher in good stead in the future.”
Kingfisher chair Claudia Arney added: “On behalf of the Board, I would like to thank Thierry for his outstanding leadership and contribution as Kingfisher’s CEO. 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 who are well placed to continue delivering on our strategy and growth opportunities. We wish him the very best for the future.”