Auchan Retail France, faced with “strong and profound changes”, and “competitive environment as well as a difficult economic situation”, has changed CEO: it is now Jean-Denis Deweine who takes the lead, has announced today the northern group. Jean-Denis Deweine, 57, was appointed to accelerate the implementation of the recovery plan of the company “and prepare the medium-term developments of its activities in France,” says the distribution group in a statement.
Until then, “product and flow director of Auchan Retail”, he replaces Ali Khosrovi, who has been in office for two years and “who leaves the company,” he says. “Faced with strong and profound changes of the trade and its competitive environment as well as a difficult economic situation, Auchan Retail France must make the recovery of its results a priority 2019,” the statement added. Jean-Denis Deweine, at Auchan for thirty years, must “meet the challenge of speed faced by Auchan Retail France in its transformation.”
Not listed on the Stock Exchange and owned by the Mulliez Family Association, Auchan Holding, which lost 1.145 billion euros in 2018, announced in early March a recovery plan for its distribution sector. Since then, the first free cuts in the network have taken place. At the end of April, the group launched the sale of 21 sites in France potentially involving between 700 and 800 employees. In France, it has 637 stores under the banner and employs 73,800 employees.