Kingfisher plc (KGF.L), on Wednesday, announced that Chief Executive Officer Thierry Garnier has resigned after nearly seven years in the role to take up a senior leadership position at another company outside its markets.
The company said Garnier will remain in his role during a 12-month notice period to ensure a smooth transition.
The Board has initiated a search for his successor, led by the Nomination Committee, and will consider both internal and external candidates.
On Tuesday, Kingfisher closed trading 2.77% lesser at GBp 281 on the London Stock Exchange.
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