In China Carrefour Promotes, Shuffles Top-Performing Executives

Carrefour China is promoting “outstanding” senior executives and shuffling them around the country. The move will not affect the company’s Chinese investment strategy, according to Chen Bo, Carrefour China's director for public relations. Carrefour’s China operation outperformed the rest of the world in the first quarter of 2009, according to the company's latest financial report. Chinese revenue rose 3.1 percent, compared with a 2.8 percent drop overall. Among the moves announced by Carrefour: East China president Patrick Ganaye moves to Taiwan; South China president Pierre Bertholat takes over in East China; Carrefour financial director Stephane Deutsch becomes president for South China; and Carrefour China's director for development Patrice Moulin replaces Deutsch.