UPDATE 1-Kingfisher CEO Thierry Garnier to step down, join Ahold as chief

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May 6 (Reuters) - European home improvement retailer Kingfisher KGF.L said on Wednesday Chief Executive Thierry Garnier will step down after nearly seven years in the role, with a 12-month notice period.

Garnier has resigned to take up a leadership role at Netherlands-headquartered supermarket group Ahold Delhaize AD.AS, which earlier in the day named him as its next chief. He shall succeed Frans Muller in April 2027.

Kingfisher, which reported in March a 6% rise in adjusted pretax profit to 560 million pounds ($760.93 million) for the year ended January 31, said it would announce Garnier's exact departure date in due course.

The company is yet to appoint a new chief, and said the review will cover both internal and external candidates.


($1 = 0.7359 pounds)


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