Kingfisher, the owner of B&Q and Screwfix, has announced that its Chairman, Andrew Cosslett, will step down in June after seven years in the role. He will be succeeded by its Non-Executive Director Claudia Arney.
Arney has served on Kingfisher’s board since 2018 and is currently Chairman of Deliveroo and a Non-Executive Director of Derwent London. She has previously held Non-Executive roles at the Premier League, Telecity Group, Halfords, Ocado and Aviva.
Last month, Kingfisher posted a fall in annual profit after consumers cut back on DIY spending due to the cost of living crisis.
Commenting on her appointment, Arney said: “Kingfisher is a fantastic business, which maintains a sharp focus on striving to better serve its customers while delivering long-term value for all its stakeholders. I look forward to continuing to support our great management team in our mission of making home improvement accessible to everyone.”
