Carrefour CEO Ousted in Shakeup

New York City, Carrefour today removed chairman and CEO Daniel Bernard, who led the company for 13 years and faced pressure to boost the chain’s French mega stores. The company appointed Luc Vandevelde, former head of Marks & Spencer, as non-executive chairman. Also departing during a management shakeup was Joel Saveuse, who has been Carrefour’s head of European operations for less than two months.