Decathlon names new CEO
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French sports retailer Decathlon named 45-year old Barbara Martin Coppola, a former executive at companies such as IKEA and Google, as its new global chief executive.
Coppola will replace Michel Aballea, who had held the role since 2015, in mid-March this year, added Decathlon, which competes in France with companies such as Go Sport.
Decathlon said it was in good financial shape, echoing bullish updates recently given by sportswear companies such as Puma and JD Sports which have performed well despite the COVID-19 pandemic.
“The current good health of Decathlon and our strong ambitions encourage us to accelerate the transformation of our business model to better assert our position as a world leader in sport,” said Decathlon chairman Fabien Derville.
“We are convinced that Barbara will be able to lead this transformation while respecting our values,” added Derville.
According to Decathlon’s website, the company registered sales of 11.4 billion euros ($12.9 billion). The Mulliez family, which also owns the Auchan supermarket chain, owns the majority shareholding in Decathlon.
Questions & Answers
Q.Who will the new chief executive of Decathlon replace?
Who will the new chief executive of Decathlon replace?
Barbara Martin Coppola will replace Michel Aballea as Decathlon's global chief executive. Aballea has held the role since 2015. Coppola is scheduled to take over the position in mid-March this year, according to Decathlon.
Q.When is the new CEO expected to start her role at Decathlon?
When is the new CEO expected to start her role at Decathlon?
Barbara Martin Coppola is expected to begin her new role as global chief executive at Decathlon in mid-March this year. She will be replacing Michel Aballea, who has been in the position since 2015, as announced by Decathlon.
Q.What are Decathlon's recent sales figures?
What are Decathlon's recent sales figures?
According to information available on Decathlon's website, the company recorded sales of 11.4 billion euros. This figure equates to approximately 12.9 billion US dollars. The article states Decathlon is in good financial health.
Q.Who owns Decathlon?
Who owns Decathlon?
The Mulliez family holds the majority shareholding in Decathlon. This family also has ownership of the Auchan supermarket chain. This information was included in the article alongside Decathlon's sales figures and competition.
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