UPDATE 2-Britain's Kingfisher will not handcuff new CEO on strategy [Reuters (UK)]
KINGFISHER PLC S/ADR (KGFHY)
NASDAQ:AMEX Investor Relations:
kingfisher.com/index.asp?pageid=3
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Source: Reuters
UPDATE 2-Britain's Kingfisher will not handcuff new CEO on strategy - Reuters 4 Min Read * Thierry Garnier starts as CEO on Sept. 25 * Will have “free hand” on strategy * Kingfisher in fourth year of five year plan * First half underlying pretax profit down 6.4% * Shares down 2.7% at 0942 GMT, FTSE 100’s biggest faller (Recasts, adds detail, chairman comments, shares) By James Davey LONDON, Sept 18 (Reuters) - Britain’s Kingfisher will give its new chief executive free rein to pursue whatever strategy he decides, even a possible break-up of the home improvement retailer, which has struggled to lift its earnings. Carrefour veteran Thierry Garnier is due to succeed VAŠronique Laury as CEO of Kingfisher, whose main businesses are B&Q and Screwfix in Britain and Castorama and Brico Depot in France, on Sept. 25. “There’s no handcuffs on Thierry’s arrival into the company, he’ll take his own independent view of all moving parts of the business,” chairman Andy Cosslett told reporters when as
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