IN BRIEF: Ahold shareholders approve Kingfisher's Garnier as CEO

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Ahold Delhaize NV - Zaandam, Netherlands-based supermarket operator - Says shareholders approve the appointment of Kingfisher PLC Chief Executive Officer Thierry Garnier to its management board at an extraordinary general meeting on Tuesday. Garnier will succeed Frans Muller as president & chief executive officer in 2027, with the exact date to be determined by the supervisory board. Shareholders also appoint Claire Peters, CEO of Ahold Delhaize USA, and Margaret Versteden-Van Duijn, CEO of Ahold Delhaize Europe & Indonesia, to the management board. Both have already assumed their executive roles. Meanwhile, Edmond Mesrobian joins the supervisory board. Supervisory Board Chair Wiebe Draijer says Garnier brings "a strong track record in retail and digital transformation" and will build on the group's existing strategy. Kingfisher meanwhile said it hired Sebastian Gundel as its new chief executive, starting on February 1.

Current Ahold stock price: EUR31.40

12-month change: down 13%

Current Kingfisher stock price: 322.70 pence

12-month change: up 8.7%

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