Kingfisher plc announced that, after seven years as Chair of the Board, Andrew Cosslett has decided not to stand for re-election and will therefore step down from the Board of Directors at the conclusion of the Company's AGM on 20 June, 2024. Andrew will be succeeded by Claudia Arney, who has served as an Independent Non-Executive Director of Kingfisher since November 2018 and currently also chairs the Board's Remuneration Committee. Her appointment will take effect at the same time.

On appointment, Claudia will step down as Chair of the Remuneration Committee and will be succeeded by Rakhi Goss-Custard from the conclusion of the 2024 AGM. Rakhi has served as a Non-Executive Director of Kingfisher since February 2016, including as a member of the Remuneration Committee since March 2018, and has extensive knowledge of Kingfisher's business. She currently also chairs the Remuneration Committee of Trainline plc, and has previously served on the Remuneration Committee of Rightmove plc.

The Board has agreed that in view of Rakhi's experience, she is very well positioned to take on the role, and to ensure effective continuity. Recognising Rakhi's existing length of service on the Board, a succession process is also ongoing to identify a new Remuneration Committee Chair to take on the role over the longer-term. Claudia joined the Board as a Non-Executive Director in November 2018 and is currently chair of the Remuneration Committee.

Claudia brings a wealth of experience of business transformation and building digital capabilities to the Board having previously held non-executive roles, including interim chair of the Premier League, senior independent director of Telecity Group plc, chair of the remuneration committee at Halfords plc, non-executive director at Ocado Group plc, and governance committee chair at Aviva plc. Claudia began her career at McKinsey & Company, before holding roles at Pearson, the Financial Times, Goldman Sachs, and HM Treasury. She was also group managing director, digital at EMAP.

Claudia is currently Chair of the Board of Deliveroo plc and, until she steps down in May 2024, non-executive director and remuneration committee chair at Derwent London plc. She also serves as a member of the Panel on Takeovers and Mergers and is the lead non-executive Board member for the Department for Digital, Culture, Media and Sport.