EduBourseActualitésKingfisher plc appoints Euan Sutherland as Chief Executive of UK Division

Kingfisher plc appoints Euan Sutherland as Chief Executive of UK Division

Kingfisher plc, Europe’s leading international home improvement retailer, today announces the appointment of Euan Sutherland as Chief Executive of its UK Division, which comprises B&Q in the UK and Ireland, Screwfix and Trade Depot. Mr Sutherland, 39, is currently Chief Executive of AS Watson Health and Beauty UK, owner of the Superdrug and Savers retail businesses. He will take up his role in the next few months.

Mr Sutherland has 15 years experience in retailing and fast-moving consumer goods. Having started his career at Boots as a graduate trainee buyer he moved into the FMCG sector spending four years in marketing roles at Mars Confectionery and Coca Cola. He joined the Dixons Stores Group in 1998 and held several senior buying and marketing roles including Marketing Director of Currys. After three years he moved to Matalan as Retail and Marketing Director before joining AS Watson, part of the Hutchison Whampoa group. In 2006 he was promoted from his position as Managing Director of Superdrug to his current role as overall Chief Executive of the AS Watson’s UK division responsible for over 1,100 Superdrug and Savers stores with sales of £1.6 billion and 19,000 staff.

At Kingfisher, Mr Sutherland will be responsible for the UK Division, one of the three newly formed divisions announced last week, reporting to Ian Cheshire, Group Chief Executive. Under this new management structure Mr Sutherland will assume day to day responsibility for B&Q, as Chief Executive, with the Managing Directors of Screwfix and Trade Depot also reporting directly to him. His role will have a seat on the newly created Kingfisher Retail Board, chaired by Ian Cheshire.

Commenting on the appointment Ian Cheshire said: “I believe there is huge potential yet to be un-locked at Kingfisher by changing how the Group is managed, tightening our use of capital and driving out higher cash returns from our businesses. This appointment is a key step along the way and I am delighted that Euan has agreed to join us. He is an experienced hands-on operator with a proven track record in leadership roles at some of the UK’s biggest retailers and his appointment will strengthen our team.”

Euan Sutherland said: “I am very excited to be running Kingfisher’s UK Division, working with some of the best people and the best brands in UK retail. It’s clear to me that there is much more potential to come from the ongoing programme of renewal at B&Q, as well as capitalising on the fast growing trade business. I’m looking forward to working with the UK teams, my new colleagues on the Retail Board and Ian Cheshire to help deliver a step change in Kingfisher’s value for its shareholders.”

Enquiries:

Kingfisher
Ian Harding, Group Communications Director
020 7644 1029

Nigel Cope, Head of Communications
020 7644 1030

Sarah Gerrand, Head of Investor Relations
020 7644 1032

The Maitland Consultancy
Philip Gawith
020 7379 5151

Further copies of this announcement can be downloaded from www.kingfisher.com or by application to: The Company Secretary, Kingfisher plc, 3 Sheldon Square, London, W2 6PX.

Company Profile

Kingfisher plc is Europe’s leading home improvement retail group and the third largest in the world, with 780 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 21% interest in, and strategic alliance with, Hornbach, Germany’s leading large format DIY retailer, with over 120 stores in Germany and eight other European countries.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
ARTICLES SIMILAIRES
1200
1200