Carrefour Still Looking For Turnaround Solutions As Knight Vinke Seeks Board Seat

As if one set of activist investors was not enough for any CEO to deal with, the head of Carrefour, Lars Olofsson, now has the prospect of a second voice in his ear with the news that US investment fund Knight Vinke, which owns 1.5% of the business, is in talks to gain a seat on the board. Knight Vinke has previously suggested that the firm's current corporate setup, with Olofsson acting as both CEO and Chairman, was 'far from... ideal' given the need for effective scrutiny of the company's costly turnaround plans. Knight Vinke could potentially join Blue Capital

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