He will be replaced by Véronique Laury, who currently heads up Castorama, one of Kingfisher's French businesses. Her appointmenet will bring the total number of female FTSE 100 chief executives to five.
The company, which also owns Britain's B&Q, said Sir Ian was quitting to make way for the "next phase of Kingfisher's evolution". This involves ramping up Kingfisher's online offering, expanding its Screwfix and Brico Dépôt businesses and integrating the recently acquired Mr Bricolage with the French business.
Ms Laury is also a Kingfisher veteran, having spent 11 years in the business.
"Now is the right time to hand over to a new leader and I am delighted that Véronique, who I have worked closely with for over 11 years and know is superbly qualified for the job, has agreed to take over from me," said Sir Ian.
"Having taken over the leadership role in the depths of the financial crisis I am proud that the Kingfisher of today is a much stronger business, with a more profitable and sustainable model," he added.
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