Carrefour denies report it looking for new chief
PARIS (Reuters) - French supermarket chain Carrefour (CARR.PA) denied on Saturday that it had hired headhunters to seek a replacement for Jose Luis Duran, its chief executive.
The Financial Times quoted an unnamed prominent businessman as saying he had been approached by a headhunter before a July 28 shareholder meeting called to approve a simplification in the management structure.
A spokesman for the board of the world's second-biggest retailer said: "The board of Carrefour denies having hired a headhunting firm to replace Jose Luis Duran, whom it has just named chief executive following the July 28 shareholder meeting."
Carrefour used to have a supervisory board, headed by Amaury de Seze, and a management board, headed by Duran. Under the new structure there is a single board of directors, whose chairman is De Seze and of which Duran is not a member.
(Reporting by Estelle Shirbon; Editing by Ron Askew)
© Thomson Reuters 2009 All rights reserved.
Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article

UK
US