B&Q new chief executive is Michael Loeve

DIY retailer Kingfisher has appointed Michael Loeve as chief executive of B&Q UK & Ireland.

Loeve, who will join in September, is currently group retail director with Danish retailer Coop Danmark, responsible for five retail formats, including Irma, Kvickly and Fakta, "where he has unlocked performance by running the business in a more unified way across multiple formats," Kingfisher said. He replaces Kevin O'Byrne.

"As we announced as part of our strategic update in March, we are moving at pace with our 'One' Kingfisher plan to create a single, unified company where customer needs come first. I am delighted to welcome Michael to Kingfisher. He is an experienced retailer who will form an important part of the new diverse international team we are putting together at Kingfisher. I look forward to working with him," Kingfisher chief executive officer Véronique Laury said.

"Home improvement is a great market with huge potential and B&Q has a strong position within it, however there is more that we can do to maximise its strengths. With a better and more unique offer at good prices where customer needs come first, all backed by the scale of a unified Kingfisher, we will transform and grow B&Q, helping our customers to have better homes and better lives," Loeve said.

He will report to Guy Colleau, operations director for Kingfisher's Big Box operations.

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