Bloomberg News

Carrefour Rises on Report Plassat May Replace CEO: Paris Mover

January 26, 2012

Jan. 26 (Bloomberg) -- Carrefour SA, the world’s second- largest retailer, climbed the most since November in Paris trading after a report that Vivarte Chief Executive Officer Georges Plassat may replace Lars Olofsson as CEO.

Carrefour climbed as much as 8.1 percent to 18.25 euros, the most since Nov. 28, and were up 8 percent at 18.24 euros as of 12:24 p.m. The shares have fallen 39 percent in the past 12 months, valuing the Boulogne-Billancourt, France-based retailer at 12.3 billion euros ($16.2 billion).

Carrefour may name Plassat as CEO as soon as this weekend, Lineaires reported on its website, without saying where it obtained the information. An external spokesman for Carrefour declined to comment.

The retailer’s largest shareholders, Groupe Arnault SAS and Colony Capital LLC, have been considering replacing Olofsson as chairman and chief executive officer, people familiar with the matter said in November.

--Editors: Sara Marley, Paul Jarvis

To contact the reporter on this story: Andrew Roberts in Paris at aroberts36@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net


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