Kingfisher Plc, a home improvement retailer, on Monday named British Land finance chief Bhavesh Mistry as its next CFO to replace Bernard Bot who will retire.
Mistry, the CFO of British Land, is poised to take the helm as Kingfisher’s CFO. However, his departure from British Land hinges on a 12-month notice period, with his official start date at Kingfisher being no earlier than January 2025. This allows for a smooth transition as Bernard Bot, Kingfisher’s current CFO, prepares for retirement.
Mistry’s departure comes after a three-year tenure as CFO, during which he oversaw the sale of assets in London’s office and shopping center sector.
Prior to his time at British Land, Mistry served as Deputy CFO at Tesco, a major supermarket chain, from 2018 to 2021.He also boasts a strong background in finance, holding senior positions at hospitality group Whitbread, Virgin Media, and brewing giant Anheuser-Busch InBev.
Kingfisher, the company that has acquired Mistry as their new CFO, has expressed a cautious outlook on the 2024 market.This cautiousness stems from a decline in demand for big-ticket items within their B&Q and Screwfix stores in Britain.
Kingfisher plc is an international home improvement company. The company operates over 2,000 stores across eight European countries. Kingfisher offers home improvement products and services to both consumers and trade professionals. The company’s mission is to “make better homes and better lives
