12 December 2024
KINGFISHER
PLC
DIRECTOR APPOINTMENT AND
REMUNERATION COMMITTEE CHANGES
Kingfisher plc ('Kingfisher') today
announces the appointment of Lucinda Riches to its Board of
Directors as a Non-Executive Director and member of the Audit,
Nomination, Remuneration and Responsible Business Committees with
effect from 1 January 2025. Lucinda will be appointed Remuneration
Committee chair at the conclusion of the 2025 AGM, succeeding Rakhi
Goss-Custard.
Rakhi will have served on the Board
for nine years on 31 January 2025 and has agreed to continue in
post until the conclusion of the 2025 AGM to support an effective
transition to Lucinda. At that time, she will then step down from
the Board and as Remuneration Committee chair.
Lucinda is currently the independent
Non-Executive Chair of Greencoat UK Wind plc and Peel Hunt Limited.
She is also a
non-executive director of Ashtead Group plc, where she chairs the
remuneration committee. Lucinda has confirmed that she will be
stepping down from one of her other listed positions during the
course of 2025.
Prior to becoming a non-executive
director, Lucinda had an executive career in investment banking at
UBS where she was Global Head of Equity Capital Markets and a
member of the board of UBS Investment Bank. Her previous
non-executive director roles include CRH plc, ICG Enterprise Trust
plc, the British Standards Institution, Diverse Income Trust plc
and UK Financial Investments Ltd.
Commenting on the changes, Claudia
Arney, Chair of Kingfisher's Board, said:
"I
am delighted to welcome Lucinda to the Board. She is highly
experienced, having served in several roles as a non-executive
director, board chair and remuneration committee chair across
multiple sectors, following a distinguished senior executive career
in investment banking. Her experience will be invaluable as we
continue to support our management team to drive Kingfisher's
strategy forward as well as making her an excellent choice to
succeed Rakhi as Remuneration Committee chair.
While Rakhi will remain with us until the conclusion of the
2025 AGM, I would also like to take this opportunity to sincerely
thank her for her many contributions and valuable insights to
Kingfisher over the last nine years. I would also like to
particularly thank Rakhi for stepping in as Remuneration Committee
chair for an important year and overseeing the review of our
remuneration policy."
This announcement is made in
accordance with Listing Rule 6.4.6. There
are no further matters to be disclosed in respect of her
appointment under Listing Rule 6.4.8.
Enquiries: