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24.05 15:36:32

Carrefour appoints new CEO - France

French retail giant Carrefour has accelerated its transition to new management with the announcement that Georges Plassat is taking over the role of CEO from Lars Olofsson with immediate effect.

Outgoing CEO Lars Olofsson announced earlier this year that he would step down in June as the company struggled and some shareholders voiced their dissatisfaction.

Plassat joined Carrefour on April 2 as chief operating officer and was due to become chief executive in June. He had already begun reorganising the company, letting go of some top managers and setting a course for job cuts in the face of the troubled European economy.

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