05 June 2024
B&M European Value Retail
S.A
3, rue Gabriel Lippmann,
L-5365 Munsbach,
Grand-Duchy of
Luxembourg
(the
"Company")
Appointment of new
Chair
B&M European Value Retail S.A.
is pleased to announce the appointment of Tiffany Hall as
Non-Executive Chair of the Board of Directors of the Company with
effect from the Company's Annual General Meeting ("AGM") on 23 July
2024. The appointment follows an extensive
search process undertaken by the Board with the support of an
external executive search firm. She will succeed
Peter Bamford who will retire from the Board at the conclusion of
the AGM after
six very successful years in the role.
Peter Bamford, Chairman,
said:
"I'm delighted that Tiffany is to be
the next Chair of B&M. I have enjoyed working with her over the
last 5 years and she has demonstrated a clear understanding of
B&M and the skills required to lead the Board in the future.
It has been a great privilege for me to have worked with two
exceptionally talented CEOs leading a business with such a
distinctive entrepreneurial culture focused on delivering great
products and everyday low prices to its customers. Alex Russo has
put in place a great management team and a strong platform for
continued growth and profitability. I wish Tiffany and all at
B&M, every success in the future."
Tiffany Hall, Chair Designate,
said:
"I am delighted to be taking on the
Chair role at B&M. Since joining the Board in 2018, I have
learnt that B&M is a fantastic business with a laser focus on
delivering value to customers. The business is well positioned for
future growth, and I look forward to continuing to work alongside
our excellent leadership team."
Alex Russo, Chief Executive,
said:
"On behalf of everyone at B&M, I
would like to thank Peter for chairing the Group through some of
the most uncertain times in recent history and overseeing the
transition from the founding CEO to me. He has done this with an
unerring view of what is right for all of our stakeholders and I
wish to thank him on both a personal and professional basis. I wish
him well for the future."
"Tiffany has a proven record of
success in her role as Senior Independent Director and demonstrated
strong leadership in her role as Chair of the Remuneration
Committee over a number of years. We are delighted to welcome her
as the new Chair of B&M and look forward to working more
closely with her to drive the continued success of
B&M."
Tiffany brings extensive senior and
board-level experience. In addition to her role at B&M, Tiffany
is also a Non-Executive Director of Symington Family Estates
SA. She was previously the Senior
Independent Director of Howdens Joinery Group PLC and a
Non-Executive Director of the British Standards Institution and THG
PLC. She served as Chief Executive Officer
of BUPA Home Healthcare, Marketing Director at BUPA, and held
senior commercial positions at British Airways as well as Chair of
Airmiles and BA Holidays.
Tiffany will step down as Senior
Independent Director, Chair of the Remuneration Committee and
designated Non-Executive Director for Workforce Engagement from the
conclusion of the 2024 AGM. She will be succeeded by Oliver Tant as
Senior Independent Director, Hounaida Lasry as Chair of the
Remuneration Committee and Paula MacKenzie as designated
Non-Executive Director for Workforce Engagement.
The Company makes this announcement
in accordance with LR 9.6.11R of the Listing Rules. There are no
other matters to be disclosed under LR9.6.13R.
Enquiries
B&M European Value Retail S.A.
For further information please
contact +44 (0) 151 728 5400
Dave McCarthy, Head of Investor
Relations
Investor.relations@bandmretail.com