Kesa FD Quits

The finance director of FTSE-250 electricals giant Kesa has resigned.

In a brief statement this morning, the Anglo-French company said Simon Herrick had resigned ?in order to pursue other business interests.? It said he would leave ?in the coming months.? No successor was announced but the company said an announcement would be made ?in due course.?

Kesa has operations in eleven European countries, owning businesses including Comet in the UK and Darty in France.

Singer analyst Matthew McEachran speculated that new Kesa chief executive Thierry Falque-Pierrotin, who took charge in January, may want to bring in a former colleague from French retail empire PPR to replace Herrick.