The announcement of succession planning for CEO Veronique Laury and the announcement that splitting the way that the business is looked at between Business as Usual (BAU) and the One Kingfisher Transformation Plan effectively marks the end of the latter. This is reinforced by the announced departure of the Head of Transformation Steve Willett (albeit this may stimulate excitement about a Screwfix split off). We expect that consensus underlying profit estimates for 2019/20E will reduce by mids
20 Mar 2019
2018/19 Prelims | Management Change and End of One Kingfisher
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2018/19 Prelims | Management Change and End of One Kingfisher
Kingfisher Plc (KGF:LON) | 244 -2.4 (-0.4%) | Mkt Cap: 4,562m
- Published:
20 Mar 2019 -
Author:
Tony Shiret -
Pages:
3
The announcement of succession planning for CEO Veronique Laury and the announcement that splitting the way that the business is looked at between Business as Usual (BAU) and the One Kingfisher Transformation Plan effectively marks the end of the latter. This is reinforced by the announced departure of the Head of Transformation Steve Willett (albeit this may stimulate excitement about a Screwfix split off). We expect that consensus underlying profit estimates for 2019/20E will reduce by mids