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UPDATE 1-Activist investor Eric Knight joins Darty board

* Darty appoints Knight as non-executive director * Knight's firm had demanded seat on Darty board last week Feb 22 (Reuters) - Darty Plc, Europe's third largest electrical goods retailer, bowed to the demands of its largest shareholder, activist investor Knight Vinke, and appointed its CEO to its board. Knight Vinke, which owns 25 percent of Darty, demanded a seat on Darty's board after the retailer issued a profit warning last week.

UPDATE 2-Knight Vinke demands seat on Darty board after warning

* Knight Vinke says Darty not showing any urgency * Darty likely to miss lower end of FY profit expectations * Acting CEO sees no pick-up in markets in 2013 * Q3 revenue down 2.5 pct, like-for-like sales down 0.5 pct * Shares down 6.5 percent (Adds detail, recasts lead, acting CEO, analyst comments, shares) By James Davey

RPT-UPDATE 2-Welcome gift for Darty CEO could annoy investors

* Darty names BUT's Regis Schultz as new CEO * Schultz to join Darty on May 1 * Schultz annual salary 500,000 pounds, less than predecessor * To receive award of shares equivalent to salary * Shares flat By James Davey and Karen Rebelo

Darty appoints new chief executive

British electrical goods retail group Darty on Friday named Frenchman Regis Schultz, boss of French retailer BUT, as its new boss amid challenging times for the company. "Darty plc today announces the appointment of Regis Schultz as its new chief executive from 1 May 2013," said a statement from Darty, which was formerly known as Kesa Electricals. Schultz, 44, has been chief executive of BUT since 2008 and prior to this he held a number of senior positions at London-listed Kingfisher, which is Europe's biggest home improvements chain.

Darty appoints new chief executive

British electrical goods retail group Darty on Friday named Frenchman Regis Schultz, boss of French retailer BUT, as its new boss amid challenging times for the company. "Darty plc today announces the appointment of Regis Schultz as its new chief executive from 1 May 2013," said a statement from Darty, which was formerly known as Kesa Electricals. Schultz, 44, has been chief executive of BUT since 2008 and prior to this he held a number of senior positions at London-listed Kingfisher, which is Europe's biggest home improvements chain.

UPDATE 2-Welcome gift for Darty CEO could annoy investors

* Darty names BUT's Regis Schultz as new CEO * Schultz to join Darty on May 1 * Schultz annual salary 500,000 pounds, less than predecessor * To receive award of shares equivalent to salary * Shares flat By James Davey and Karen Rebelo
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