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Finance

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

Published by Global Banking & Finance Review

Posted on May 6, 2026

1 min read

· Last updated: May 6, 2026

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Kingfisher CEO Thierry Garnier to Step Down, Join Ahold Delhaize as Chief

Leadership Transition at Kingfisher and Ahold Delhaize

Thierry Garnier's Resignation and Future Role

May 6 (Reuters) - European home improvement retailer Kingfisher 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, which earlier in the day named him as its next chief. He shall succeed Frans Muller in April 2027.

Kingfisher's Financial Performance

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.

Succession Planning at Kingfisher

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

Additional Information

($1 = 0.7359 pounds)

(Reporting by Ankita Bora in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-Phillips)

Key Takeaways

  • Thierry Garnier resigns from Kingfisher with a 12‑month notice period to become Ahold Delhaize CEO, succeeding Frans Muller in April 2027.
  • Under Garnier’s leadership, Kingfisher delivered adjusted pre‑tax profit growth of 6% to £560 million and strong cash flow in FY ended January 31 2026, amid share buybacks and improved margins.
  • Kingfisher has not yet named a successor; the board is reviewing both internal and external candidates and will announce Garnier’s exact departure date in due course.

References

Frequently Asked Questions

Why is Thierry Garnier stepping down as Kingfisher CEO?
Thierry Garnier is stepping down as Kingfisher CEO to take up a leadership role at Ahold Delhaize.
When will Thierry Garnier join Ahold Delhaize?
Thierry Garnier will succeed Frans Muller as chief of Ahold Delhaize in April 2027.
Has Kingfisher announced Thierry Garnier's departure date?
Kingfisher has not yet announced the exact departure date for Thierry Garnier.
How did Kingfisher perform financially recently?
Kingfisher reported a 6% rise in adjusted pretax profit to 560 million pounds for the year ended January 31.
Who will become the next Kingfisher CEO?
Kingfisher has not yet appointed a new CEO and is considering both internal and external candidates.

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