British Land CFO poached by B&Q’s parent company

18th June 2024 | Jack Oliver

The chief financial officer of British Land is set to leave the real estate investment trust to join the parent company of the B&Q and Screwfix brands.

Bhavesh Mistry will join Kingfisher following a 12-month notice period put in place to allow British Land to successfully transition his responsibilities.

Simon Carter, CEO of British Land, said: “I’d like to thank Bhavesh for his significant contribution in the past three years over which time we have allocated capital well, controlled costs and positioned the balance sheet to seize the opportunities that are now emerging.”

Mistry will succeed Bernard Bot at Kingfisher, who will retire from the company no later than January 2025 to further pursue his non-executive career.

Prior to his time at British Land, Mistry was deputy CFO of Tesco from 2018 to 2021. Before that, he held senior finance positions for over two decades at a range of companies including Whitbread, Virgin Media, and drinks company Anheuser-Busch inBev.

Thierry Garnier, CEO of Kingfisher, said: “I am very pleased to welcome Bhavesh to Kingfisher as our new chief financial officer. Bhavesh has a wealth of finance and retail experience, combined with a strategic mindset and an excellent track record of delivery. He is also a people-focused leader who will be a strong fit for our culture. We are fortunate to attract somebody of the calibre of Bhavesh, who will be a strong addition to our board and our group executive team.”

Bhavesh Mistry added: “I am very pleased to be joining a dynamic international retailer with a clear strategy and compelling growth opportunities. The pace of change at Kingfisher in recent years has been impressive and I am looking forward to working with its talented teams to build on this momentum and make the most of the many opportunities ahead.”


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