B&M chair Peter Bamford is stepping down as he retires after six years at the value retailer.
The chain has hired an executive search firm to find his replacement, with Bamford, who previously chaired Superdry, remaining in post until a successor is appointed.
He said: “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.”
The news comes after B&M saw sales rise 5% over its third quarter earlier this month, despite experiencing a slowdown in growth.
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Like-for-likes edged up 1.2%, despite being up against a tough comparison period last year, as total sales at the retailer hit £1.65bn over the quarter to December 2023.
Commenting at the time, B&M CEO Alex Russo said: “The performance across the ‘golden quarter’ has been pleasing, with strong operational execution across the three businesses.”
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