Kingfisher has named former Tesco deputy chief financial officer Bhavesh Mistry as its next finance boss.
Mistry, who is the current CFO of property giant British Land, will succeed Bernard Bot, who is retiring to pursue his non-executive career.
The B&Q and Screwfix owner said Mistry’s start date will be confirmed in due course and Bot will support with the transition before he steps down “no earlier than January 2025”.
Mistry, who joined British Land in 2021, was previously the deputy CFO at Tesco from 2018 and has held several senior finance positions over the last two decades at companies including Whitbread and Virgin Media.
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Kingfisher CEO Thierry Garnier said: “Bhavesh has a wealth of finance and retail experience, combined with a strategic mindset and an excellent track record of delivery. He is also a people-focused leader who will be a strong fit for our culture.
“I would also like to personally thank Bernard for his huge contribution to Kingfisher. Bernard has been integral to the transformation of our business under the Powered by Kingfisher strategy and played a key role in leading us through the challenges of the pandemic.
“He has helped us to become a more agile and productive company, reducing costs and unlocking efficiencies, while investing for growth and delivering attractive shareholder returns. He will leave a very strong legacy to build on.”
Mistry added: “I am very pleased to be joining a dynamic international retailer with a clear strategy and compelling growth opportunities. The pace of change at Kingfisher in recent years has been impressive and I am looking forward to working with its talented teams to build on this momentum and make the most of the many opportunities ahead.”
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