Kingfisher PLC Senior Management Change (1782B)
September 19 2018 - 1:01AM
UK Regulatory
TIDMKGF
RNS Number : 1782B
Kingfisher PLC
19 September 2018
19 September 2018
This release contains inside information
Senior Management Change
Kingfisher today announces a change in the leadership of the
Offer and Supply Chain organisation with Arja Taaveniku being
succeeded by Henri Solère.
Arja Taaveniku, Chief Offer & Supply Chain Officer, joined
the group three years ago to create a consolidated product, buying
and supply chain organisation, with the task to unify ranges across
the Group through the extensive rationalisation of products and
suppliers, and to start the development of new own brand products,
unique to Kingfisher.
Under her leadership, a new, single design, product development
and buying organisation has been put in place and the plans for a
unified supply chain have been established.
By the year end, around half of all Kingfisher's products will
have been unified, with significant efficiencies gained from a
consolidation of the supplier base and from an increased unique,
own brand portfolio, and with the framework for supplier
negotiations to deliver the balance of the unified offer firmly in
place. With this, Arja has recognised that it's the right time to
change the leadership for the function.
As part of the transformation and while continuing to unify the
ranges, the next phase will further emphasise the development of a
unique offer. Henri Solère has led two of the seven Offer and
Supply Chain categories including the highly successful development
of the unique product range in Bathrooms, which have delivered
double digit sales uplifts and good margin growth. Henri's
experience and skillsets in unique product development will ensure
this progresses successfully.
Henri has built his career in the home improvement industry and
has worked for Kingfisher for 11 years, holding a number of senior
leadership roles within the group. Highly respected within the
industry, he has been a member of the Offer and Supply Chain
leadership team since it was established. Arja will remain with the
Group for the next six months to ensure a smooth transition.
Véronique Laury, Chief Executive Officer, said: "Arja has played
an invaluable role in our transformation. We are on track against
our targets for unified products and the new ranges are achieving
improved sales and margins. Arja has our sincerest thanks and best
wishes for the future.
"I am delighted to be able to appoint Henri. I have worked with
him for over 15 years and am certain he has the right skills,
knowledge and experience to lead the teams overseeing this next
phase of developing unique product for our customers across all our
categories."
Arja Taaveniku, said: "My three years at Kingfisher have been
amongst the most exciting and rewarding of my career. In creating a
single design, product development and buying organisation, we have
enabled Kingfisher to leverage its scale for the first time. We
have developed the skillsets and the ways of working to create
success for the future, and established the base for a unified
supply chain to be rolled out. I'm very proud of these achievements
and believe it's now the right time to hand over to Henri. Henri
has been an instrumental member of my leadership team and I trust
that he will ensure the future success of the next phase of the
development of the offer. I will be on-hand to help Henri
transition into the new role."
Contacts
Tel: Email:
Investor Relations +44 (0) 20 7644 1082 investorenquiries@kingfisher.com
Media Relations +44 (0) 20 7644 1030 corpcomms@kingfisher.com
Teneo Blue Rubicon +44 (0) 20 7260 2700 Kfteam@teneobluerubicon.com
About Kingfisher
Kingfisher plc is an international home improvement company with
over 1,300 stores in 10 countries across Europe, Russia and Turkey.
We operate under four retail brands - B&Q, Castorama, Brico
Dépôt and Screwfix. For further information, visit our website
www.kingfisher.com
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END
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