January 24, 2017 / 3:23 PM / a year ago

CEO of German retailer REWE rules out move to Carrefour

BERLIN, Jan 24 (Reuters) - Alain Caparros, the French chief executive of German retailer REWE, has ruled out a move to France’s Carrefour to replace Georges Plassat, whose term at the world’s second largest retailer is scheduled to end in 2018.

Caparros said in a statement he would not go to Carrefour after speculation in the French media that he might be a candidate for the job.

Caparros, who has been REWE CEO since 2006, said he had decided in 2015 to extend his contract at REWE until Dec. 31, 2018 and he plans to fulfill that contract and to organise a smooth transition to a successor at REWE.

Carrefour shareholders have identified Best Buy Co Inc CEO Hubert Joly as one of their favorites to replace Plassat, Brazilian newspaper Valor Economico reported on Friday. (Reporting by Emma Thomasson; Editing by Arno Schuetze)

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