B&M European Value Retail S.A. B&M Plans Chairman Succession (6119A)
23 Gennaio 2024 - 1:00PM
UK Regulatory
TIDMBME
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
Media
For media please contact +44 (0) 207 379 5151
Maitland
Sam Cartwright
bmstores-maitland@maitland.co.uk
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END
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