HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Change of Personnel
11.09.2013 17:01
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Kingfisher director withdraws from HORNBACH Supervisory Board
Bornheim bei Landau, September 11, 2013.
The director nominated by the British retail group Kingfisher plc, London,
has resigned from the Supervisory Board of HORNBACH-Baumarkt-AG. John
Declerck, Group Strategy Director, Kingfisher plc, will thus retire from
the supervisory body as of September 11, 2013. Kingfisher’s representatives
on the Supervisory Body of the parent company HORNBACH HOLDING AG, Kevin
O’Byrne (Kingfisher Divisional CEO, B&Q) and David Paramor (Finance and
Planning Director, Kingfisher plc), will also retire from their positions
at the same time.
The reason given was that this precautionary measure would avoid any
potential conflicts of interest resulting the director’s involvement in the
the companies’ respective expansion strategies. Since its takeover of 15
Bricostore DIY stores in Romania in May 2013, Kingfisher has been in direct
competition with its German cooperation partner for the first time since
the strategic alliance with HORNBACH began in December 2001. As announced
by Kingfisher upon the publication of its interim results on September 11,
2013, the British company is planning its own market launch in Germany in
summer 2014, in this case with four trial ‘Screwfix’ stores, a small-scale
specialist retail format aimed at professional customers.
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Language: English
Company: HORNBACH-Baumarkt-Aktiengesellschaft
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info@hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
