Kingfisher PLC
02 April 2008
EMBARGOED UNTIL 0830 HOURS
Wednesday 2 April 2008
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 Depot 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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