Carrefour hints at CEO succession plan | Progresiv

Carrefour is reportedly seeking a successor for its current CEO Georges Plassat (67) who is due to end its term at the helm of the retailer in May 2018. It is expected that the new CEO will be introduced in May 2017 during the retailer’s Annual Shareholder Meeting, a date from which the two will act in tandem during a one year transition of role and responsibilities.

The transition is said to have created tension between CEO Plassat and Philippe Houze, the Chairman of Galleries Lafayette, Carrefour’s largest shareholder (11.5%) who, along Abilio Diniz, the Chairman of Peninsula Participações (8%) who both seek a swift transition. (www.kantarretailiq.eu)