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Kingfisher appoints new CEO for B&Q UK and Ireland

Reuters - UK Focus

LONDON, June 18 (Reuters) - Kingfisher (LSE: KGF.L - news) , Europe's biggest home improvement retailer, said on Thursday it had appointed Michael Loeve as the new chief executive for its B&Q business in Britain and Ireland (Other OTC: IRLD - news) .

Loeve, 41, will join the company in September from Danish retailer Coop Danmark where he was group retail director.

His appointment comes after the company announced in March it would close 60 B&Q stores in Britain over the next two years.

(Reporting by Li-mei Hoang; Editing by Mark Potter)