The chief executive of DIY retailer B&Q has announced his resignation after two years in the role.
According to Retail Week, Michael Loeve stepping down for family reasons and will return to home to Denmark.
While Loeve’s final day has not been confirmed, Retail Week said he would remain at B&Q for a few weeks as the search for his replacement begins.
Jean-Paul Constant, the chief sales and retail operations officer of B&Q’s parent company Kingfisher, will also take on additional responsibilities and work alongside Loeve until he leaves.
Constant said: “We’d like to thank Michael for his energy, enthusiasm and leadership of B&Q, and for the key role he has played in the One Kingfisher transformation plan.”