Kingfisher plc, the international home improvement company, has announced that Bhavesh Mistry will join its Board as Chief Financial Officer.
Bhavesh will succeed current CFO Bernard Bot, who will retire to further pursue his non-executive career. Bernard’s leaving date is to be confirmed but will be no earlier than January 2025 and he will support the transition before his retirement. An exact start date for Bhavesh will be announced in due course.
Bhavesh brings extensive finance and retail experience gained in senior roles across a range of listed businesses. He is currently CFO of British Land, where he has served in the role since 2021, and was Deputy CFO of Tesco from 2018 to 2021. Before that he held senior finance positions over more than two decades at a range of major companies including Whitbread, Virgin Media and Anheuser-Busch InBev.
Thierry Garnier, Kingfisher CEO, said: “I am very pleased to welcome Bhavesh to Kingfisher as our new Chief Financial Officer. Bhavesh has a wealth of finance and retail experience, combined with a strategic mindset and an excellent track record of delivery. He is also a people-focused leader who will be a strong fit for our culture. We are fortunate to attract somebody of the calibre of Bhavesh, who will be a strong addition to our Board and our Group Executive team.
“I would also like to personally thank Bernard for his huge contribution to Kingfisher. He has helped us to become a more agile and productive company, reducing costs and unlocking efficiencies, while investing for growth and delivering attractive shareholder returns. He will leave a very strong legacy to build on.”
Bhavesh Mistry said: “I am very pleased to be joining a dynamic international retailer with a clear strategy and compelling growth opportunities. The pace of change at Kingfisher in recent years has been impressive and I am looking forward to working with its talented teams to build on this momentum and make the most of the many opportunities ahead.”
Bhavesh will join Kingfisher’s Board and become a member of Kingfisher’s Group Executive. He will be based at Kingfisher’s head office in Paddington, London.
