Poundland Appoints Former B&Q Boss Kevin O'Byrne as New CEO
- Current CEO McCarthy to retire after ten years in role
- McCarthy will be a `tough act to follow,' says analyst
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Poundland Group Plc named British retail industry veteran Kevin O’Byrne as its chief executive officer, succeeding Jim McCarthy, who’s retiring after a decade in the role.
O’Byrne, the former head of the B&Q home-improvement chain, will join Poundland’s board next month and take the reins July 1. McCarthy will be available to the board until his retirement at September’s annual general meeting, the company said in a statement Wednesday.