Kingfisher announces chief financial officer succession
Kingfisher, the parent company of B&Q and Screwfix, has announced that Bhavesh Mistry is to become its new chief financial officer.
He will succeed Bernard Bot who will be retiring no earlier than January 2025 to pursue a non-executive career.
While an exact start date for Mistry has yet to be confirmed, Kingfisher said Bot will support a transition before his retirement.
Currently working as chief financial officer at British Land, Mistry was deputy chief financial officer of Tesco from 2018 to 2021. Prior to that, he held senior finance positions at Whitbread, Virgin Media and Anheuser-Busch InBev.
Kingfisher chief executive 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. We are fortunate to attract somebody of the calibre of Bhavesh, who will be a strong addition to our board and our group executive team.”
Mistry will be based at the company’s head office in London’s Paddington.
Speaking of Bot’s departure, Garnier said he had made a huge contribution to the business and had been integral to its transformation under the Powered by Kingfisher strategy.
With over 2,000 stores, Kingfisher operates in eight countries across Europe. In addition to B&Q and Screwfix, its retail banners include Castorama, Brico Dépôt, TradePoint and Koçtaş.
