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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 CEST

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 2017 80 190 M
EBIT 2017 2 572 M
Net income 2017 1 190 M
Debt 2017 4 522 M
Yield 2017 3,61%
P/E ratio 2017 13,30
P/E ratio 2018 11,95
EV / Sales 2017 0,26x
EV / Sales 2018 0,25x
Capitalization 16 418 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 26,0 €
Spread / Average Target 20%
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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$)
CARREFOUR-5.16%17 723
WAL-MART STORES INC0.71%213 925
ALIMENTATION COUCHE TA..-2.77%25 525
DAIRY FARM INTERNATION..27.82%12 321
WHOLE FOODS MARKET, IN..-5.95%9 216
CENCOSUD SA--.--%8 893
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