Jean-Hugues Loyez, the chairman of French DIY group Castorama, has quit after control of the company passed to Kingfisher.
Mr Loyez, who opposed the UK retail giant’s bid to acquire the 45% minority stake in the business, has been replaced by Kingfisher chief executive Sir Geoff Mulcahy. Four other Castorama partners also left the company.
Kingfisher acquired the majority 55% stake in Castorama when it merged its B&Q operation with the company in 1998.
