Carrefour’s Thierry Garnier to replace Véronique Laury as Kingfisher CEO

Thierry Garnier is to take over from Véronique Laury as Chief Executive Officer of Kingfisher, the owner of B&Q, Screwfix, Castorama and Brico Dépôt.

Based at Kingfisher’s London HQ, Garnier will join in the autumn, while Véronique Laury will step down from the Board and CEO by the end of September 2019. Thierry will be appointed to the Board as an Executive Director.

Thierry is an experienced retailer having spent 20 years in senior roles at Carrefour, the French multi-national retailer.

He is currently a member of the Carrefour Group Exec Committee and CEO of Carrefour Asia, with responsibility for over 350 stores in China and Taiwan and gross sales of over €6 billion. With a successful track record of implementing business transformation in the face of significant competitive pressure and sector disruption, he’s led Carrefour’s Asian business since 2012. Points of interest from his time there have included a strategy oriented around innovative new digital capabilities, centralised buying, new format implementation, e-commerce and strengthening stakeholder relationships.

From 2003 to 2008, Thierry was the MD of Supermarkets for Carrefour France, where he successfully rebranded the Champion supermarket format to the Carrefour Market fascia. This format was rolled out to 1,000 supermarkets in France, with sales of approximately €13bn. During this period he oversaw a significant improvement in performance by doubling non-food sales, investing in own-brand ranges, improving the pricing structure and restructuring the supply chain. Following this successful period, he became Carrefour’s International Operations Director in 2008, with a broader remit including Asia, Latin America and various European countries. In the rigorous recruitment process, Thierry stood out for the Board from a strong list of candidates due to his recognised operational know-how at a multi-national retail business, his delivery of long-term value creation, and his experience in driving leading edge digital innovation, most recently in China.

Andy Cosslett, Chairman of Kingfisher, said: “On behalf of the Board, I am delighted to welcome Thierry to Kingfisher. He is a highly talented international retailer and proven business leader, with a strong track record over many years at Carrefour. Throughout his career he has led significant businesses through complex change programmes while operating in competitive and rapidly changing retail environments. The Board and I would again like to thank Véronique for her energy, her vision and determination in driving the transformation, and for successfully laying the foundations for future growth.”

Thierry Garnier added: “I am delighted to be joining Kingfisher at an exciting point of its development. For over 20 years, I have had a great passion for retail, for retail teams, and for understanding and addressing changing customer behaviours. I believe that the home improvement market provides great opportunity for us, and by harnessing Kingfisher’s market leading positions and obvious strengths, consistently meeting our customers’ needs, embracing our digital opportunity and driving innovation, I am confident that we can build an even stronger business for our customers, our colleagues and our shareholders.”

Earlier this year, Christian Mazauric was appointed CEO of Kingfisher France.