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Oloffson to become chairman

This article was originally published in Foodnews

THE board of Carrefour has approved plans for chief executive, Lars Olofsson , to also become chair of the French retailer. During the eventful shareholder meeting held last week in Paris, chairman Amaury de Seze announced he would step down but remain on Carrefour's board. "The time has come to reunite the two functions," De Seze said. He added that the board and management "will take our responsibility" if they do not meet their targets in the next two years, the Wall Street Journal reported.

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