REG - B&M European - Appointment of new Chair

B&M European Value Retail SAAnnouncement

05/06/2024 07:15

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RNS Number : 1263R  B&M European Value Retail S.A.  05 June 2024

 

 

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

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