The fate of Kingfisher CEO Veronique Jefferies is back in focus as the company prepares to announce its annual results on 20 March. The group is more than halfway through a five-year turnaround plan and investors are said to be losing confidence that the promised transformation will be delivered, despite management assurances. Furthermore, the board is said to be losing faith in Jefferies who masterminded the One Kingfisher plan. Activist investors are understood to be taking an interest in the company, calling for it to sell off either Screwfix or Castorama.
The fate of Kingfisher CEO Veronique Laury is back in focus as the company prepares to announce its annual results on 20 March. The group is more than halfway through a five-year turnaround plan and investors are said to be losing confidence that the promised transformation will be delivered, despite management assurances. Furthermore, the board is said to be losing faith in Laury who masterminded the One Kingfisher plan. Activist investors are understood to be taking an interest in the company, calling for it to sell off either Screwfix or Castorama.