Bhavesh Mistry, current CFO of property developer British Land, will succeed Bernard Bot as CFO of Kingfisher next year, the British DIY group announced on Monday.

Prior to his arrival at British Land in 2021, Bhavesh Mistry spent three years as deputy CFO at Tesco, the UK's number one retailer.

He had previously worked for British hotel group Whitbread, cell phone operator Virgin Media and Belgian-American beer giant Anheuser-Busch InBev.

The date of Bernard Bot's departure has not yet been determined, but it will not take place before January 2025, Kingfisher warned in a press release.

On the London Stock Exchange, Kingfisher shares gained more than 0.8% on Monday morning, while British Land gave up 0.3%.

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