Koninklijke Ahold Delhaize N.V. announced that Ahold Delhaize expects Thierry Garnier, to replace its outgoing chief executive, Frans Muller, around its annual general meeting in April 2027. Mr. Garnier joined Kingfisher as chief executive in September 2019, just before the Covid-19 pandemic struck and at a torrid time for the group, which was shutting shops and battling tumbling profits. Previous boss Veronique Laury had led a lengthy and drastic overhaul, which took its toll on the firm?s performance.
He joined with a priority to fix issues with the group?s IT and supply chain in France and halting some initiatives to concentrate on reversing sales declines. Mr. Garnier then steered the group through the pandemic and the boom in demand for home improvement products during multiple lockdowns, which was following by volatile trading in the years that followed.
