// B&M CEO Simon Arora is to retire in 12 months
// Arora has led the business since 2004
B&M chief executive Simon Arora has revealed plans to retire after 17 years at the helm.
Arora has led the discount retailer since he acquired the business with his brother Bobby in December 2004.
Since then, B&M has grown to a group of over 1,100 stores across the UK and France.
READ MORE: B&M operations director Martin Roberts leaves for Post Office
Arora will step down in 12 months time, and will assist in a smooth transition to his successor.
A succession process, led by B&M chairman Peter Bamford, will consider both internal and external candidates.
Bamford said: “On behalf of the board and all stakeholders of the group, I would like to thank Simon for his leadership over the past seventeen years.
“The remarkable growth of the business from its humble beginnings to where it is today reflects his exceptional passion, determination and ability.
“Moreover, he has established a firm foundation from which the group will continue to deliver its successful growth strategy and great value for its customers. We are all very grateful for his tireless efforts and he will leave us next year with our best wishes for the future.”
Meanwhile Bobby Arora, B&M group trading director, said he intends to remain with the business in his current role.
Click here to sign up to Retail Gazette‘s free daily email newsletter
