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Carrefour New CEO To Allow Two Executives To Step Down -Report

05/08/2012 | 05:50am US/Eastern
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Georges Plassat, who takes up the top job at French retailer Carrefour SA (>> CARREFOUR) next month, has decided to let two senior executives step down from the company and won't replace them, La Tribune weekly reports on its website, without citing sources.

Plassat, who assumes the role of chief executive on June 10, after being appointed chief operating officer in April, has decided to let go Jose Carlos Gonzalez-Hurtado, the company's chief commercial and marketing officer and member of the executive board, and Patrick Rouvillois, the group marketing director, says the report.

The names of the two men were no longer on Carrefour's management list on the company's website Tuesday.

A Carrefour spokeswoman didn't return phone calls seeking comment.

The retailer, the world's second-largest behind Wal-Mart Stores Inc. (WMT), has underperformed rivals and lost market shares over the past few years. Plassat becomes the company's third CEO in four years.

Newspaper website: www.latribune.fr

-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740; inti.landauro@dowjones.com

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