Sir Francis Mackay has announced today that he is to step down as chairman of Kingfisher.
Mackay, 61, will retire next May at the end of the Group’s AGM and will also retire as chairman of Compass.The Kingfisher Group, which owns UK home-improvement retailer B&Q, has named Peter Jackson, the former chief executive of Associated British Foods, as his replacement. Jackson joins the Board as a non-executive director with effect from the 3rd Jan 2006.
Mackay said: “In my four years as chairman, I have greatly enjoyed working with Gerry Murphy and the rest of the Kingfisher Board to transform Kingfisher into a focused and genuinely international home improvement retailer, now operating 650 stores in 10 countries in Europe and Asia. I believe Kingfisher is extremely well placed as one of the global leaders in its market and I wish Peter and all my Kingfisher colleagues continuing success.”