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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Carrefour    CA   FR0000120172

CARREFOUR (CA)

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

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05/08/2012 | 11:50am CET

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

Stocks mentioned in the article : CARREFOUR
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Financials (€)
Sales 2016 76 523 M
EBIT 2016 2 395 M
Net income 2016 1 045 M
Debt 2016 4 815 M
Yield 2016 3,12%
P/E ratio 2016 16,35
P/E ratio 2017 13,54
EV / Sales 2016 0,30x
EV / Sales 2017 0,28x
Capitalization 17 855 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 27,0 €
Spread / Average Target 14%
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Managers
NameTitle
Georges Plassat Chairman & Chief Executive Officer
Pierre-Jean Jérome Sivignon Chief Financial Officer & Deputy CEO
Nicolas Bazire Non-Independent Director
Jean-Laurent Bonnafé Independent Director
Thierry Breton Independent Director
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Sector and Competitors
1st jan.Capitalization (M$)
CARREFOUR3.15%19 103
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ALIMENTATION COUCHE TA..0.95%26 624
DAIRY FARM INTERNATION..5.23%10 074
WHOLE FOODS MARKET, IN..0.16%9 813
CENCOSUD SA--.--%8 262
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