Carrefour has appointed former Fnac Darty chief financial officer Matthieu Malige as its new CFO, three months after its chief executive made the same move.
Mr Malige spent eight years at Carrefour, the world’s second largest retailer by revenues, between 2003 and 2011. He then jumped ship to Fnac, arriving in the same year that Alexandre Bompard took up the reins of the retail chain as chief executive. Mr Bompard now heads up Carrefour, after joining from Fnac Darty in July.
Mr Malige replaces Pierre Jean Sivignon, who is stepping down as CFO because of “personal difficulties,” and will become an adviser to Mr Bompard, Carrefour said on Monday.
Mr Malige “will be closely associated with the strategic reflections on [Carrefour's] development,” as well as heading up the group’s finance function the statement said.
Mr Bompard, who has yet to unveil his strategy, is facing several key challenges, including accelerating Carrefour’s digital transformation, raising its profitability and injecting new life into the group’s hypermarkets, notably in its home market of France.
Mr Malige, who begun his career at Lazard investment bank, previously held a string of senior management positions at Carrefour.
Carrefour will report its sales figures for the third quarter on Wednesday.