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LONDON, Oct 9 (Reuters) - British home improvement group
Kingfisher completed the line up of its top management
with the appointment of Bernard Bot as its new finance chief on
Wednesday.
Dutch national Bot, most recently finance chief at
Travelport Worldwide, a global technology platform, will take up
the role on Oct. 21.
His appointment comes less than a month after new chief
executive Thierry Garnier started work at Kingfisher, whose main
businesses are B&Q in Britain and Castorama in France and other
countries.
Garnier has been tasked with restoring the fortunes of a
group whose shares have fallen 24% over the last year.
Kingfisher is in the fourth year of a five-year programme
that was designed to boost earnings. However, profits reversed
in 2018-19 and the group said in March it would part company
with Véronique Laury, who had been its CEO since 2014.
Bot, also a former CFO of Irish airline Aer Lingus, will
receive a basic salary of 565,000 pounds ($689,526) and a
pension allowance of 12.5% of salary. He will also be eligible
to participate in Kingfisher's annual bonus scheme, long term
incentive scheme and share award.
The group also said that John Wartig, who joined as interim
CFO in April, has been appointed to the newly created role of
chief transformation and development officer.
($1 = 0.8194 pounds)
(Reporting by James Davey; editing by Kate Holton)