Board Composition

RNS Number : 9490N

Kingfisher PLC

09 September 2011

 



9 September 2011

KINGFISHER PLC - BOARD COMPOSITION

Kingfisher plc today announces that John Nelson, who has served as a non-executive director for more than nine years, and held the positions of Deputy Chairman, Senior Independent Director and Chairman of the Remuneration Committee, has retired from the Board with effect from 8 September 2011. This follows his appointment as Chairman of Lloyd's of London.

Daniel Bernard, Chairman, said: "On behalf of the Board, I would like to thank John for his tremendous contribution to the Board over the past nine years and wish him all the very best for the future. I know that the Board will miss his dedication and wise counsel."

Clare Chapman, who was appointed a non-executive director in December 2010, has been appointed Chairman of the Remuneration Committee with effect from 8 September 2011.  An announcement will be made in due course regarding the appointment of the Senior Independent Director.

Following John Nelson's retirement, the Board will comprise eight members; the Chairman, two executive directors and five independent non-executive directors.  Commenting on the composition of the Board, Daniel Bernard said:

"The Board is committed to ensuring that the directors of Kingfisher plc demonstrate a broad balance of skills, experience, independence, knowledge and diversity (including gender diversity).  We believe that balanced and diverse boards are effective boards.  We already have 25% female representation on our Board, which is in line with the proposed aims to be achieved by 2015.  As an organisation, we are committed to maximising the benefits of our diverse workforce to deliver real and sustainable benefits for the Group."

Enquiries:

Ian Harding, Group Communications Director	020 7644 1029
Nigel Cope, Head of Media Relations	020 7644 1030
Sarah Gerrand, Head of Investor Relations	020 7644 1032
Clare Haines, Media Relations Officer	020 7644 1286
Brunswick	020 7404 5959

 

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