Mulcahy retires from Kingfisher
Sir Geoff steps down
December 6 2002
Former Kingfisher chief executive Sir Geoffrey Mulcahy has resigned from the board of the retail group.
Sir Geoff, who spearheaded the development of Kingsfisher over two decades had stepped down as chief executive at the beginning of November but had been expected to remain on the bard until next April.
His replacement, Gerry Murphy will take up his new position by February 2003. In the interim Kingfisher chairman, Francis Mackay is taking day-to-day charge.
Meanwhile, Kingfisher is to issue a detailed third-quarter trading statement for the first time. Reports say DIY chain B&Q will show the highest sales growth while the electrical goods division could provide disappointing like-for-likes compared with the summer, when the World Cup boosted sales.
