Newspaper article The Journal (Newcastle, England)

Dane Steps into Top Job at Struggling DIY Chain

Newspaper article The Journal (Newcastle, England)

Dane Steps into Top Job at Struggling DIY Chain

Article excerpt

B&Q owner Kingfisher has named Danish retailer Michael Loeve as the new boss of the DIY chain as it steps up an overhaul and battles against sliding sales.

Mr Loeve, 41, will join as chief executive of B&Q UK and Ireland in September from Coop Danmark - one of Denmark's biggest retailers, with around 1,200 stores - where he is group retail director.

He replaces Kevin O'Byrne, who left last month.

Mr O'Byrne is said to have lost out in the race for the top job at B&Q's owner Kingfisher to Veronique Laury, who took over from Sir Ian Cheshire in December.

Mr Loeve takes on the role at a challenging time for B&Q as it sees sales come under pressure and as the wider Kingfisher group embarks on a swingeing shake-up under Ms Laury, who is axing 60 B&Q stores over the next two years, affecting around 3,000 jobs.

There has even been speculation that the group might plan to phase out the B&Q brand name.

Sales at B&Q in the UK and Ireland fell 1. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.