Kingfisher, which owns home improvement retail brands B&Q and Screwfix, has announced Bhavesh Mistry as its new chief financial officer.

Mistry is currently chief financial officer of British Land, where he has served in the role since 2021. Prior to this he was deputy chief financial officer at Tesco from 2018 to 2021.

Mistry has held senior finance positions over more than two decades at a range of major companies including Whitbread, Virgin Media, and Anheuser-Busch InBev.

He will succeed current CFO Bernard Bot, who is retiring before January 2025 to pursue a non-executive career.

"Bhavesh has a wealth of finance and retail experience, combined with a strategic mindset and an excellent track record of delivery,” said Thierry Garnier, chief executive officer at Kingfisher. “He is also a people-focused leader who will be a strong fit for our culture.”

He added: “Bernard has been integral to the transformation of our business under the Powered by Kingfisher strategy and played a key role in leading us through the challenges of the pandemic. He has helped us to become a more agile and productive company, reducing costs and unlocking efficiencies, while investing for growth and delivering attractive shareholder returns. He will leave a very strong legacy to build on."

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