Electrical retailer Darty names Schultz as new CEO

Multinational electrical retailer Darty Group has appointed Régis Schultz as its new Chief Executive Officer (CEO) with immediate effect, ahead of the scheduled date of May 1st.

Multinational electrical retailer Darty Group has appointed Rgis Schultz as its new Chief Executive Officer (CEO) with immediate effect, ahead of the scheduled date of May 1st.

Dominic Platt, who had been operating as Acting CEO, will revert to his previous role of Finance Director, the group said.

Darty operates over 450 stores in eight European countries and some 11% of its products sales are transacted on the web.

In the 2011/12 year, it generated an annual turnover of nearly €4.0bn through three operating segments: Darty (France), Other Established Businesses, which consist of Vanden Borre in Belgium, BCC in the Netherlands, and Datart in the Czech Republic and Slovakia, and Developing Businesses, which consist of Darty Spain and Darty Turkey.

Darty's share price was down 0.51% to 48.75p at 15:09 on Tuesday.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021
The world’s fund managers are getting very bullish – be careful out there
Stockmarkets

The world’s fund managers are getting very bullish – be careful out there

The latest survey of fund managers shows them to be extremely bullish on all the same things. And that, says John Stepek, means the market is in dange…
21 Jan 2021