Blackstone recruits former Kingfisher boss

Gerry Murphy, who resigned as head of the FTSE 100 home improvement retailer last year, has joined the global investment firm.

The Blackstone Group has recruited Gerry Murphy, who stepped down as chief executive of Kingfisher in November after five years at the home improvement chain.

Gerry Murphy:
former FTSE 100
chief executive

Murphy has joined Blackstone as a senior managing director. At Kingfisher, he worked on the demerger of KESA Electricals, which is now separately listed on the London Stock Exchange, and oversaw the integration of French company Castorama into the group.

Murphy was previously chief executive of UK media company Carlton Communications, logistics firm Exel, and food business Greencore Group. He also held various senior positions at brewer Grand Metropolitan (which, after merging with Guinness, became Diageo), and is currently a non-executive director at domestic products company Reckitt Benckiser.

Murphy is the second high-profile recruit to a global alternative asset group in recent days. Earlier this week, The Carlyle Group appointed UBS investment banker Olivier Sarkozy, half-brother of the French president, as co-head and managing director of its Global Financial Services Group.