05 June 2024

B&M European Value Retail S.A

3, rue Gabriel Lippmann, L-5365 Munsbach,

Grand-Duchy of Luxembourg

(the "Company")

Appointment of new Chair

B&M European Value Retail S.A. is pleased to announce the appointment of Tiffany Hall as Non-Executive Chair of the Board of Directors of the Company with effect from the Company's Annual General Meeting ("AGM") on 23 July 2024. The appointment follows an extensive search process undertaken by the Board with the support of an external executive search firm. She will succeed Peter Bamford who will retire from the Board at the conclusion of the AGM after six very successful years in the role.

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Peter Bamford, Chairman, said:

"I'm delighted that Tiffany is to be the next Chair of B&M. I have enjoyed working with her over the last 5 years and she has demonstrated a clear understanding of B&M and the skills required to lead the Board in the future.  It has been a great privilege for me to have worked with two exceptionally talented CEOs leading a business with such a distinctive entrepreneurial culture focused on delivering great products and everyday low prices to its customers. Alex Russo has put in place a great management team and a strong platform for continued growth and profitability. I wish Tiffany and all at B&M, every success in the future."

Tiffany Hall, Chair Designate, said:

"I am delighted to be taking on the Chair role at B&M. Since joining the Board in 2018, I have learnt that B&M is a fantastic business with a laser focus on delivering value to customers. The business is well positioned for future growth, and I look forward to continuing to work alongside our excellent leadership team."

Alex Russo, Chief Executive, said: 

"On behalf of everyone at B&M, I would like to thank Peter for chairing the Group through some of the most uncertain times in recent history and overseeing the transition from the founding CEO to me. He has done this with an unerring view of what is right for all of our stakeholders and I wish to thank him on both a personal and professional basis. I wish him well for the future." 

"Tiffany has a proven record of success in her role as Senior Independent Director and demonstrated strong leadership in her role as Chair of the Remuneration Committee over a number of years. We are delighted to welcome her as the new Chair of B&M and look forward to working more closely with her to drive the continued success of B&M."

Tiffany brings extensive senior and board-level experience. In addition to her role at B&M, Tiffany is also a Non-Executive Director of Symington Family Estates SA. She was previously the Senior Independent Director of Howdens Joinery Group PLC and a Non-Executive Director of the British Standards Institution and THG PLC. She served as Chief Executive Officer of BUPA Home Healthcare, Marketing Director at BUPA, and held senior commercial positions at British Airways as well as Chair of Airmiles and BA Holidays.

Tiffany will step down as Senior Independent Director, Chair of the Remuneration Committee and designated Non-Executive Director for Workforce Engagement from the conclusion of the 2024 AGM. She will be succeeded by Oliver Tant as Senior Independent Director, Hounaida Lasry as Chair of the Remuneration Committee and Paula MacKenzie as designated Non-Executive Director for Workforce Engagement. 

The Company makes this announcement in accordance with LR 9.6.11R of the Listing Rules. There are no other matters to be disclosed under LR9.6.13R.

Enquiries

B&M European Value Retail S.A.

For further information please contact +44 (0) 151 728 5400

Dave McCarthy, Head of Investor Relations

Investor.relations@bandmretail.com