Kingfisher plc today announces the appointment of Mark Seligman as senior independent director of the Company with effect from 1 January 2012. Mr Seligman will also be appointed a member of the Audit and Nomination Committees. Mr Seligman, 55, began his career at Price Waterhouse and spent over 30 years in the City, including senior roles at SG Warburg, BZW and Credit Suisse First Boston. At Credit Suisse he was deputy chairman Europe from 1999-2005 and later Chairman UK Investment Banking from 2003-05.
Mr Seligman is currently a senior advisor at Credit Suisse but will retire from this role at the end of year. He is a non-executive director of BG Group plc, where he is also chairman of the Audit Committee. He serves as an alternate member of the Panel on Takeovers and Mergers, is Chairman of the Industrial Development Advisory Board, a member of the Regional Growth Fund advisory panel and non-executive deputy chairman of G4S, where he is also chairman of the Audit Committee.
Commenting on the appointment, Ian Cheshire, Kingfisher’s Group Chief Executive, said: "I am delighted to welcome Mark to Kingfisher. His long career in the City will be a great asset to Kingfisher, as will his experience gained from his directorships of other major companies.”
Daniel Bernard, Chairman, said: "Mark is a distinguished investment banker and I’m sure his experience will be of great benefit to the Group. He will further enhance our board, which already includes directors with experience gained at Apple, Tesco and IKEA, among others. I look forward to working closely with him."
Mr Seligman does not have an interest in shares in Kingfisher and there is no other information required to be disclosed under 9.6.13R of the Listing Rules.
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