Garnier will serve a 12-month notice period and remain in his role to ensure a smooth transition. The search for his successor has begun, considering both internal and external candidates. Claudia Arney, Kingfisher's chair, praised Garnier's leadership through the pandemic and his strategic innovations, including the launch of Kingfisher's marketplaces and the development of its trade business.
Garnier said he remains focused on executing strategic plans and ensuring a successful transition. Before joining Kingfisher, Garnier spent 20 years at Carrefour, most recently as CEO of Asia. 3p on the announcement.
Claudia Arney, the group's chair, said Garnier had led the company through the pandemic and 'driven many strategic innovations such as the launch of Kingfisher's marketplaces and the development of our trade business.'
In March, Kingfisher reported an increase in annual profit due to cost-saving efforts and strong performance at B&Q and Screwfix. 72 billion for the year ended 31 January 2026, while annual profits rose 6% to £560 million, despite higher UK employment costs. For the current financial year, Kingfisher expects adjusted profits between £565 million and £625 million.
The company noted that the profit growth was driven by effective cost management and robust demand in its core UK businesses, even as it navigated rising employment expenses. Kingfisher's strategic initiatives under Garnier, such as expanding e-commerce and trade services, have positioned it for continued growth. The board expressed confidence in the ongoing strategy and the leadership team's ability to maintain momentum during the transition period.
Garnier's departure marks the end of a transformative era, with the company now focused on finding a successor to build on his legacy.