French supermarket retailer Casino, which has been battling concerns over debts at the company and at its parent group Rallye, on Tuesday named Franprix boss Jean-Paul Mochet as the new head of its Monoprix arm.
"After three years with the Casino Group, Régis Schultz, president of Monoprix, wanted to pursue new professional projects internationally," Casino said in a statement.
"Jean-Paul Mochet is appointed president of Monoprix. At the same time, he retains his duties as President of Franprix," Casino said in a statement.
Mochet will take up his new position on Monday 15 July, the retailer added.
