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Carrefour's new CEO makes public bow

FRANCE: New Carrefour CEO warns of tough times ahead

FRANCE: New Carrefour CEO warns of tough times ahead

The new chief executive of Carrefour, Georges Plassat, has said it will take around three years to turn the company around as it looks to focus on reducing debt and overhead costs as well as exiting non-core markets.

On the move: Plassat faces Carrefour trial

After a tumultuous three years at the helm of the world's second-largest grocery retailer, Carrefour chairman and CEO Lars Olofsson is set to be replaced by Georges Plassat. The announcement…