Retail giant Carrefour today (30 January) announced Georges Plassat will replace Lars Olofsson as chairman and CEO.
Carrefour’s board of directors yesterday unanimously voted to appoint Georges Plassat, currently CEO of retail group Vivarte, to take the top spot.
Go deeper with GlobalData
The announcement marks the end of rumours about the retailer’s interest in Plassat that first appeared in the French press in November – reports Carrefour strenuously denied. Shares dropped 2.65% to EUR17.78 (US$23.32) as of 11.17am CET.
According to a company statement, Olofsson informed the board that he would not seek “the renewal of his mandate as chairman and chief executive officer” at the next Carrefour shareholders’ meeting in June.
Plassat, former executive director of Carrefour’s Spanish operations, will join the world’s second largest retailer on 2 April as COO for a short transition period before being formally appointed CEO at the end of the shareholders’ meeting. His appointment to Carrefour’s board of directors will be submitted to shareholder approval.
See Also:
The statement added: “Georges Plassat declared he is well aware of the magnitude of the task ahead, which will require the support of all within the company.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEarlier this month Carrefour announced a dip in sales and confirmed annual profits would be “at the lower end” of the 15% to 20% fall it issued in October.
