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Home improvement retailer Kingfisher names Claudia Arney as new chair

Published 15/04/2024, 07:56
Updated 15/04/2024, 08:00
© Reuters. A person walks past a Screwfix store in London, Britain, March 19, 2023. REUTERS/Henry Nicholls/FILE PHOTO

LONDON (Reuters) - European home improvement retailer Kingfisher (LON:KGF) said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by non-executive director Claudia Arney.

The changes will take place at the conclusion of the company's annual general meeting on June 20, said the FTSE-100-listed owner of B&Q and Screwfix in Britain and Castorama and Brico Depot in France.

Arney has served as an independent non-executive director of Kingfisher since 2018 and is currently chair of Deliveroo and a non-executive director of Derwent London.

She has previously held non-executive roles at the Premier League, Telecity Group, Halfords (LON:HFD), Ocado (LON:OCDO) and Aviva (LON:AV).

Last month, Kingfisher warned profit would fall again this year after a 25% slump in its 2023-24 year that reflected a particularly weak French market.

Its shares are down 2% year-on-year.

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