B&M starts search for new chair as Peter Bamford looks to exit this year
Liverpool-based out-of-town retailer, B&M, has commenced a search for a new chairman.
Current chair, Peter Bamford, who has been in the role since March 2018, has told the board of his intention to retire during this calendar year.
An executive search firm has been appointed and a recruitment process for a new chair will begin with immediate effect, led by Tiffany Hall, senior independent director.
A retirement date has not yet been set and, in the meantime, Peter will continue to serve as chairman of B&M and ensure an orderly handover to his successor in due course.
Peter 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.2
He added: “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.”
CEO, Alex Russo, said: “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.”
