Several external candidates are still in the running for the top job at French retailer Carrefour , with Fnac Darty Chief Executive Alexandre Bompard seen as favourite, sources close to the matter said.
The French travel retail group has promoted Axel Gauthey to Executive Vice-President Business Development, Middle East, Africa & Asia and Senior Advisor Global Accounts, in a bid to strengthen Asia operations.
Timm is stepping down from his role as President and COO after working 20 years with the company. He played a substantial role in the company's growth from a multi-million dollar business to a billion dollar business.
Procter & Gamble executive Patrice Louvet has been named chief executive, more than three months after his predecessor left the firm, following differences with founder Ralph Lauren over the direction of the company.
The Italian eyewear brand, which saw its sales fall 30 percent in 2016, reinforces its leadership with three new appointments to key positions. The executives will support the new general director, Giovanni Carlino.