French retail giant Carrefour today (5 May) said that the head of its core domestic business will leave the group after just 14 months in charge.

Former Tesco executive James McCann will be replaced by CEO Lars Olofsson  pending the appointment of a successor.

The company indicated that the executive team of Carrefour France will work under Olofsson's direct supervision to "accelerate the improvement of Carrefour's performance in France" and to continue implementing the group's transformation plan.

Carrefour added that it will delay its controversial proposal to list 25% of its Carrefour Property business, although it confirmed that it will push ahead with the spin-off of its Dia discount chain.