Kesa CEO to retire
Thierry Falque-Pierrotin will be joining the Group on 5 January 2009 as Chief Executive Officer
Thierry joins from PPR Group where he has been Chairman and CEO since 2001 of Redcats Group, the world’s third largest home shopping business for fashion and home decoration.
Commenting on the appointment, Chairman David Newlands said:’I am delighted to welcome Thierry to Kesa as our CEO. He brings with him substantial experience in European and International multichannel retailing and I look forward to working with him to build on the strong foundations for growth established by Jean-Noel.
‘On behalf of the Board I would like to thank Jean-Noel for his considerable contribution to the Group. He successfully managed the demerger from Kingfisher over five years ago and has continued to improve performances at our established businesses, as well as opening operations in new markets which are essential for our future growth. We wish him well in his retirement.’
