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Alex Russo appointed B&M CFO

Discount retailer B&M has appointed Alex Russo as CFO and executive director, with effect from 16 November 2020.

Further to the announcement made on 3 March 2020, Russo will join the company as the CFO designate on 5 October 2020.

He succeeds Paul McDonald, who will retire from the board of directors of the company on 15 November, but will remain employed by the company under “garden leave” and remain able to assist the group as required for the remainder of his notice period to 8 January 2021.

Russo joined the company from Wilko, where he held the position of CFO.

He also spent five years as an executive director and CFO at Asda and has also held the position as director at Boots, Tesco and Kingfisher.

Peter Bamford, chairman, said: “I am delighted that Alex Russo will be joining the board of B&M later this year. 

“His previous roles with leading retail businesses in the UK and internationally brings a valuable level of experience to the board as our business continues to grow at a significant rate.”

He added: “Paul McDonald has done an excellent job as CFO for the last nine years and we thank him for his contribution and wish him well for the future.”

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