6th Oct 2008 07:30
6 October 2008
Kesa Electricals plc
Appointment of new Chief Executive Officer
Kesa Electricals plc, Europe's third largest electrical retailing group, today announces that Jean-Noel Labroue has decided to retire. He will leave after a handover period to Thierry Falque-Pierrotin who is joining the Group on 5 January 2009 as Chief Executive Officer (CEO).
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."
Thierry Falque-Pierrotin said: "I am very much looking forward to joining the Group and the team in January.European electrical retailing is an exciting business and I am committed to driving the Group further forward in these challenging times."
Ends
Note to editors:
An overview of Thierry Falque-Pierrotin's career to date:
1990 - present PPR Group
2001 - present REDCATS GROUP, Chairman and CEO
The world's third largest home shopping business for fashion and home decoration.
Turnover €3.7 billion (48.5% outside France), 15 brands, 22,000 employees.
1997 - present Member of PPR Group Executive Committee
1997 - 2001 PINAULT BOIS ET MATERIAUX, Chairman and CEO
Leading supplier of wood products and construction materials in France. Turnover €1.4 billion,
5,000 employees, 300 outlets.
1994 - 1997 PRISUNIC, General Manager
A chain of stores in France
1990 - 1994 PPR Group strategy and Development Director (1992-1994)
Chairman and CEO, Transcap Logistique (1991-1992)
Business Development Director, CFAO (1990-1991)
1987 - 1989 PALLAS FINANCE
Paris
1983 - 1987 JP MORGAN
Paris and New York
Notes: There is no information in 6F.2(b) to (g) of the Listing Rules of the UK Listing Authority that is required to be disclosed in relation to Thierry Falque-Pierrotin.
For more information:
Analysts
Kesa Electricals plc
Simon Ward +44 (0) 20 7269 1400
Media
Kesa Electricals plc
Annabel Donaldson UK +44 (0) 20 7269 1400
Finsbury
Rollo Head UK +44 (0) 20 7251 3801
Euro RSCG
Benjamin Perret France +33 (0) 1 58 47 95 17
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