Thierry Garnier, chief executive of UK-listed home improvement retailer Kingfisher, is set to step down and take over as CEO of Ahold Delhaize, one of Europe’s largest supermarket groups. According to the companies’ announcements, Ahold Delhaize’s supervisory board has nominated Garnier to join its management board and become president and chief executive, subject to shareholder and regulatory approvals. He will replace Frans Muller, who has held the CEO role for a long period. Garnier’s transition is expected to take place next year, following his planned departure from Kingfisher. The reports describe this as a management change at the grocery chain, with the leadership appointment tied to formal approvals and governance processes. The move reflects a planned succession at Ahold Delhaize as it prepares for the incoming leadership from Kingfisher’s current CEO. Details on the exact timing and final approvals are not confirmed in the provided excerpts, but both outlets indicate the switch is scheduled for next year.
Thierry Garnier set to replace Frans Muller as Ahold Delhaize CEO
Thierry Garnier, chief executive of UK-listed home improvement retailer Kingfisher, is set to step down and take over as CEO of Ahold Delhaize, one of Europe’s largest supermarket groups. According to...
- Thierry Garnier, CEO of Kingfisher, is nominated to become CEO of Ahold Delhaize.
- Ahold Delhaize’s supervisory board plans for Garnier to join its management board as president and chief executive.
- Garnier is expected to replace long-serving CEO Frans Muller.
- The appointment is subject to shareholder and regulatory approval.
- The CEO transition is expected to occur next year.
Kingfisher chief executive Thierry Garnier is stepping down to take the top job at grocery giant Ahold Delhaize, replacing long-serving boss Frans Muller next year. Ahold Delhaize said its supervisory board has nominated Garnier to join its management board and become president and chief executive, subject to shareholder and regulatory approval. He is expected to...
3 months agoThierry Garnier to step down from DIY group next year to take helm of one of Europe’s largest supermarket chains
3 months ago
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