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Carrefour’s board named Swede Lars Oloffson to replace outgoing CEO Jose Luis Duran, effective Jan. 1.
Speculation over Duran’s future at Carrefour has mounted since last year when the company’s long-standing top shareholder ceded its position to a consortium controlled by French billionaire Bernard Arnault and a
In July, shareholders had voted to change the company’s management structure, creating a board which does not include Duran.