B&M chair to step down this year
A retirement date has not yet been set, but in the meantime, Peter Bamford will continue to serve in the role
The chair of B&M, Peter Bamford, has confirmed he is set to retire this calendar year, having been in the role since March 2018.
The company said an executive search firm has now been appointed and a recruitment process for a new chair will begin “with immediate effect”, and be led by senior independent director Tiffany Hall.
A retirement date has not yet been set, but in the meantime, Bamford will continue to serve in the role and “ensure an orderly handover to his successor in due course”.
Bamford said: “It has been a privilege to chair B&M over the last six 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, added: “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.”
