REG - B&M European - B&M Plans Chairman Succession

B&M European Value Retail SAAnnouncement

23/01/2024 12:00

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RNS Number : 6119A  B&M European Value Retail S.A.  23 January 2024

 

 

 

23 January 2024

 

B&M European Value Retail S.A.

 

B&M plans Chairman Succession

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 ("EU MAR") AND ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE
UNITED KINGDOM (THE "UK") BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 ("UK MAR").

 

Peter Bamford, Chairman of B&M since March 2018, has informed the Board of
his intention to retire during this calendar year. An executive search firm
has been appointed and a recruitment process for a new Chair will commence
with immediate effect led by Tiffany Hall, Senior Independent Director. A
retirement date has not yet been set and, in the meantime, Peter will continue
to serve as Chairman of B&M and ensure an orderly handover to his
successor in due course.

 

Peter said 'It has been a privilege to Chair B&M over the last 6 years. I
have thoroughly enjoyed working with both current CEO Alex Russo and his
predecessor Simon Arora, as well the rest of my Board colleagues. The business
has laid strong foundations and is trading well. B&M has a high-class
leadership team in place, and we have managed succession to all the key Board
positions over the last two years. While I will miss B&M when I step down
as Chair, I feel that now is a good time for the company to commence the
process of transition to a new Chair.

 

Alex Russo, CEO, said 'Peter has been a great business partner since I joined
the business in 2020. I have thoroughly enjoyed working with him, both
personally and professionally. His unrelenting drive in reinforcing the
B&M culture at Board level has been of the first order. We wish him all
the best in his next personal project.'

 

 

Enquiries

 

 

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400

Alex Russo, Chief Executive Officer

Mike Schmidt, Chief Financial Officer

Dave McCarthy, Investor Relations

investor.relations@bandmretail.com (mailto:investor.relations@bandmretail.com)

 

Media

For media please contact +44 (0) 207 379 5151

Maitland

Sam Cartwright

bmstores-maitland@maitland.co.uk (mailto:bmstores-maitland@maitland.co.uk)

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