Business
Chairman Appointment
Chairman Appointment.
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n \nRNS Number : 3789W B&M European Value Retail S.A. 14 November 2017 \n\n \n \n14 November 2017 \nB&M European Value Retail S.A. \nAppointment of new Chairman\n \n \nB&M European Value Retail S.A. (the \"Company\") is pleased to announce the appointment of Peter Bamford as Non-Executive Chairman with effect from 1 March 2018. He will succeed Sir Terry Leahy who will retire from the Board on that date after 5 very successful years in the role.\n \nBefore taking up the role as Chairman on 1 March 2018, Peter will be appointed initially as a Non-Executive Director of one of the Company's subsidiaries from 1 January 2018.\n \n\nPeter brings extensive senior and board-level experience in public companies, particularly in consumer and retail businesses. He is Chairman of SuperGroup plc and also Deputy Chairman and Senior Independent Director of Spire Healthcare Group plc. Previously, Peter was Chairman of Six Degrees Holdings Limited from 2011 to 2015 and a Non-executive Director of Rentokil Initial plc from 2006 until 2016. He was also a Director of Vodafone Group plc from 1998 to 2006, where he held senior executive roles, including Chief Marketing Officer, Chief Executive of Northern Europe, Middle East and Africa and Chief Executive of Vodafone UK. Prior to that Peter held senior positions with WH Smith plc including as a Director between 1995 and 1997, Tesco plc and Kingfisher plc.\n \n\nOver the last 5 years B&M has seen continued strong growth with revenues rising from c.£993m to c.£2,671m, profit before tax rising from c.£83m to c.£204m and the number of stores increasing from 331 to 893. During this period the Group also took its first significant step toward becoming an international retailer with the acquisition it made in Germany in 2014, completed its highly successful IPO in the same year and in 2017 it entered the convenience retail market with the acquisition of Heron Foods.\n \nSir Terry Leahy, Chairman, said:\n \n\"I'm delighted that Peter, with his strong track record and relevant experience, including in the retailing sector, is to be the next Chairman of B&M. It has been a great privilege to have been part of one of the most exciting emerging retail growth stories of the past decade in an industry undergoing profound structural ch...