French grocery giant Carrefour has announced the extended tenure of chairman and chief executive officer Alexandre Bompard through to 2026.

The announcement was made during a meeting of Carrefour’s board of directors on Wednesday, during which Bompard said he will continue working on the company’s 2026 strategic plan. The plan includes ambitions to generate free cash flow of more than €1.7 billion by 2026.

Bompard said: “I am honoured by the trust that the board of directors has placed in me. It can count on my determination to pursue our ambitions in terms of economic and financial performance, as well as uphold our CSR commitments.

"I will be unwavering in my pursuit of all of the objectives established under the Carrefour 2026 strategic plan, working alongside the 500,000 people who make up the Group, with a rigorous governance system in place.”

The 50-year old Bompard, son of former AS Saint-Étienne president Alain Bompard, entered into the retail world in 2010 when he became chief executive at Fnac where he oversaw its listing and split from Kering.

He joined Carrefour in 2017 as its chief exec and guided the company through the Covid-19 pandemic during which he and all of Carrefour's board of directors waived 25 per cent of their director's fees.

The company has recently opened its first two Potager City stores in Paris, while it has shelved plans to bring Brazilian cash-and-carry brand Atacadão to Seine-Saint-Denis, Greater Paris following a petition by the mayor.

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