Owner of DIY giant B&Q, and Screwfix, Kingfisher plc confirms CEO Véronique Laury will step down from her position and the Board will ensure an “orderly transition”. A departure date has not yet been decided, but the succession process has commenced immediately, the group has said.
Véronique Laury commented: “I have enjoyed leading the ONE Kingfisher team through the transformation to become the leading home improvement company. We have a strong purpose to create good homes by making home improvement accessible for everyone. I have always been passionate about this and still am. I would like to thank all our colleagues for their hard work and great achievements. Leading the transformation has been so exciting but also very challenging. As the transformation approaches its final year, I believe it is right for someone else to lead the next phase of the ONE Kingfisher journey. I will continue to give 100% until the day I depart.”
Andy Cosslett, Chairman, commented: “Vero has been a powerful leader of the business and the driving force behind our plan to turn Kingfisher into a more unified and innovative business. This year will mark a transition in our transformation journey having now reached a critical mass… Vero has brought great vision to the business and I would like to take this opportunity to thank her for all of her hard work and passion, and for her ongoing commitment to transforming Kingfisher into a business with a stronger foundation for sustainable growth.”