Lars Olofsson informed the Board of Directors of Carrefour that he would not seek the renewal of his mandate as Chairman and Chief Executive Officer at the next Carrefour Shareholders' Meeting to be held on June 18th, 2012.

Carrefour's Board of Directors, which met yesterday, unanimously selected Georges Plassat, currently Chairman and CEO of Vivarte group, to succeed Lars Olofsson as Chairman and Chief Executive Officer of Carrefour Group following the Shareholders Meeting.

Georges Plassat will join Carrefour on April 2, 2012 as Chief Operating Officer for a short transition period before being appointed CEO at the end of Carrefour's Shareholders Meeting. His appointment to Carrefour's Board of Directors will be submitted to shareholder approval, after which he will be proposed as Chairman of Carrefour Group at the first Board meeting following the Assembly.

Georges Plassat declared he is well aware of the magnitude of the task ahead, which will require the
support of all within the company.