Kingfisher has appointed former Travelport Worldwide CFO Bernard Bot as its CFO. John Wartig, interim chief financial officer since April, will also step into the newly-created role of chief transformation and development officer, remaining on the executive team. CEO Thierry Garnier said Bot's role in transformations at Travelport and at TNT Express made him well-placed to succeed at Kingfisher. The company also announced that it would be cutting about 1,000 jobs from the company's workforce of more than 30,000 people. Laury’s three-year plan to transform Kingfisher was unsuccessful, leaving the share price 40% lower than five years ago.
Kingfisher has appointed former Travelport Worldwide CFO Bernard Bot as its CFO. CEO Thierry Garnier said Bot's role in transformations at Travelport and at TNT Express made him well-placed to succeed at Kingfisher. The company also announced that it would be cutting about 1,000 jobs from the company's workforce of more than 30,000 people. Laury’s three-year plan to transform Kingfisher was unsuccessful, leaving the share price 40% lower than five years ago.