Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Carrefour board set to nominate Bompard as new CEO - sources

Published 07/06/2017, 07:30
© Reuters. Alexandre Bompard, Chairman and CEO of Fnac-Darty, attends the French telecom operator Orange company's shareholders meeting in Paris
FCHI
-
CARR
-
WMT
-

By Dominique Vidalon and Pascale Denis

PARIS (Reuters) - The board of French supermarket retailer Carrefour (PA:CARR) is set to nominate on Monday at the latest Alexandre Bompard, chief executive of consumer electronics retailer Fnac Darty, as its chosen CEO, sources familiar with the situation told Reuters.

The board of Europe's largest retailer is slated to meet on Friday or Monday and an announcement could be made afterwards, one of the sources said.

French newspaper Le Figaro had reported earlier on Wednesday that the Carrefour board could meet as early as Friday.

Carrefour, the world's second largest retailer after Wal-Mart (NYSE:WMT), has been searching since October for a successor to Georges Plassat, 68, whose mandate as chairman and chief executive expires in May 2018.

Bompard, 44, has led Fnac - which sells books and music - since January 2011. Fnac shares have nearly tripled in value since its stock market listing in 2013.

Carrefour and its major shareholders could not be immediately reached for comment, while Fnac Darty declined to comment on the matter.

Carrefour shares, which had fallen to 14 euros at the time of Plassat's appointment in June 2012, more than doubled to 32 euros in April 2015 but have since fallen back.

© Reuters. Alexandre Bompard, Chairman and CEO of Fnac-Darty, attends the French telecom operator Orange company's shareholders meeting in Paris

Carrefour shares are up by around 1 percent so far in 2017, underperforming an 8 percent rise on France's benchmark CAC-40 index. The stock fell 14 percent last year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.