Kingfisher names new chief transformation and development officer

B&Q and Screwfix owner Kingfisher has announced that John Wartig will take on the newly created role of chief transformation and development officer, responsible for transformation, IT, business development and property.

Wartig, who joined the home improvement retail group as interim chief financial officer (CFO) in April, will report to new CEO Thierry Garnier, and remain part of the executive team.

Since arriving at the company, Wartig has helped shape Kingfisher's change programme at Kingfisher France, as well as measuring the performance and delivery of key transformation milestones around IT and supply chain.

He will assume the new role on 21 October, when another new arrival – Bernard Bot – will become CFO.

Bot will join the group from Travelport Worldwide, a global technology platform for the travel industry, where he was CFO and responsible for finance, strategy, transformation and investor relations.

The new finance chief – who will receive a salary of £565,000 and a pension allowance of 12.5% of salary – was previously CFO of airline Aer Lingus, and he has also held senior director roles at delivery company TNT Express.

Garnier, who recently replaced Véronique Laury in the Kingfisher hot seat, said of Bot: “He played a central role in the successful transformations at both TNT and Travelport, where he also gained a deep knowledge of technology and digital services, and he has a career-long understanding of logistics and supply chain optimisation.”

Commenting on Wartig’s move to a permanent position on the executive board, Garnier added: “In the short time he has been here, he has made a notable impact both in finance and in our ongoing transformation, our IT capabilities and our property portfolio.

“The knowledge he has built up already, as well as his expertise in these strategically key areas, will be extremely valuable for the business going forward."

Steve Willett, Kingfisher’s previous chief transformation, digital & IT officer, announced his retirement from the business in the spring, after 20 years of service.

Kingfisher’s most recent trading figures for the six months to 31 July showed a 12.5% year-on-year drop in statutory pre-tax profit to £245 million, off the back of a 0.8% decline in sales to £6 billion. Strong performances by Screwfix, and the group’s Polish and Romanian divisions were offset by sluggish sales in the UK and France, against the backdrop of major group infrastructure changes.