LONDON, April 15 Reuters European home improvement retailer Kingfisher said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by nonexecutive director Claudia Arney.

The changes will take place at the conclusion of the company39;s annual general meeting on June 20, said the FTSE100listed owner of BQ and Screwfix in Britain and Castorama and Brico Depot in France.

Arney has served as an independent nonexecutive director of Kingfisher since 2018 and is currently chair of Deliveroo and a nonexecutive director of Derwent London.

She has previously held nonexecutive roles at the Premier League, Telecity Group, Halfords, Ocado and Aviva.

Last month, Kingfisher warned profit would fall again this year after a 25 slump in its 202324 year that reflected a particularly weak French market.

Its shares are down 2 yearonyear.

Reporting by Yadarisa Shabong in Bengaluru and James Davey in London, Editing by Sherry JacobPhillips and Louise Heavens

Source Reuters