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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

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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