Hobson: Turning Around Kingfisher Was a Thankless Task

THE WEEK: Véronique Laury, one of only six female FTSE 100 bosses, has toiled away at the ramshackle DIY chain for many years without success

Rodney Hobson 22 March, 2019 | 9:56AM

Veronique Laury, Kingfisher CEO

Sometimes it’s hard to be a woman, according to country singer Tammy Wynette. When it comes to running a large company, it’s always hard. Ask Kingfisher (KGF) chief executive Véronique Laury. Too often they get the lousy jobs that men don’t want and are set up to fail.

Laury is one of only six women at the head of an FTSE 100 company, having taken on the thankless task of turning the ramshackle do-it-yourself chain round in five years. No one can call her a quitter, though that may be partly because no man wanted to oust her and take on the heavy mantle. She’s spent 16 years at Kingfisher and has toiled away for three years now on her recovery plan with conspicuously little success.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Kingfisher PLC134.00 GBX-1.76
WH Smith PLC1,012.00 GBX0.80
Wood Group (John) PLC169.05 GBX13.80

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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