Kingfisher are the company that is best known for trading in UK as B&Q and Screwfix. They have 330 B&Q stores in the UK. They also have over a hundred Castorama stores in France, around same number of Brico Depot stores across France, Spain and Poland. They have 27 Koçtaş stores in Turkey and own 21% of Hornbach in Germany.
Ian Cheshire was appointed to the Board of Kingfisher in June 2000 and as Group Chief Executive in January 2008. He was previously Chief Executive, B&Q UK from June 2005. He was appointed Chief Executive International and Development in September 2002, Chief Executive of e-Kingfisher in May 2000 and was Group Director of Strategy & Development. Before joining Kingfisher he worked for a number of retail businesses including Sears plc where he was Group Commercial Director. He is also a member of the Corporate Leaders Group on Climate Change and a Member of the Employers’ Forum on Disability President’s Group.
He opposed the proposed expansion of Heathrow Airport, which is to his credit.
However on 18th October Ian Cheshire signed an open letter calling on the Chancellor to continue the coalition government's plans to reduce the public finance deficit in one term, plans which included swingeing cuts on the poorest members of society and which risk pushing this country into a double-dip recession, the likes of which has not been seen since, well since the last time the tories took power and tanked economy in the early 80's. It's a bit like trying to pay off your mortgage by not feeding your children, it can only make sense to an accountant.
For this reason Ian is considered a fully signed up member of the Big Business Society and we urge people to boycott his business Kingfisher PLC which trades as B&Q and Screwfix. It's not like you can't get anything they stock from HomeBase or a decent local hardware store or builders' merchants.
Update 28th October 2011
Business Week reported on 5th October here that Ian received a total of £1,972,100 in pay, bonuses and stock options from Kingfisher in the last year.
Ian has added another string to his bow since the original post. He was appointed to the Board of the Department of Work and Pensions as a non-Executive Director by Iain Duncan Smith. I'm sure the staff there feel really motivated knowing that one of their directors wanted them to be sacked just so he could line his pockets even more luxuriously.