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John Colley Leaves Kingfisher for Majestic Wine

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John Colley has left his role as Chief Trading Officer at Kingfisher after just 20 months.

The Sunday Times has reported that he is to return to Majestic Wine, where he was managing director until May 2017, following its acquisition by Fortress, a US investment company.  Mr Colley advised Fortress on the £95m acquisition.  

Mr Colley left Majestic for the top role at Hobbycraft, where he stayed for just two months before moving to Kingfisher.

Kingfisher has seen a number of senior staff leave the business in recent years, including departing CEO Véronique Laury, who is being replaced by Thierry Garnier.

So far this year, Ian Penney, Group Category Director (Kitchens) for Kingfisher, has left the business to become director of Bathstore; Steve Willett, Kingfisher's Chief Transformation Officer, has retired, and Chief Financial Officer Karen Witts has left to join Compass Group. 

B&Q and Screwfix have also seen changes at the top, with John Mewett having been appointed CEO of Screwfix in September 2018, succeeding Graham Bell who was taking on the CEO role at B&Q UK & Ireland.  Bell succeeded Christian Mazauric, who had been appointed as CEO of Kingfisher in France to replace Marc Tenart who had decided to step down from his role.  

The spate of departures and changes has only served to boost speculation that Kingfisher, which operates across ten countries in Europe, might be broken up.

Source : Insight DIY Team 

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19 August 2019

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