15th May 2025 10:50
B&M European Value Retail SA - Luxembourg-based variety goods value retailer in UK and France - Appoints Tjeerd Jegen as chief executive officer, to take over from current interim CEO Mike Schmidt on June 16. Jegen was most recently CEO of Dutch e-bike manufacturer Accell Group BV and discount fashion retailer Takko Fashion GmbH. He previously held senior leadership roles at Tesco PLC in Thailand and Malaysia and was CEO of Dutch value variety chain HEMA.
"I am delighted to welcome Tjeerd to B&M. He is a highly talented international business leader with in-depth retail experience gained in Europe, Asia and Australasia across the grocery, general merchandise and value sectors. In what was a rigorous recruitment process, Tjeerd stood out from a strong list of candidates due to his strategic insight, customer-centric approach, and strong track record of driving growth and transformation," says Chair Tiffany Hall.
Current stock price: 338.90 pence, down 0.3% in London on Thursday morning
12-month change: down 37%
By Michael Hennessey, Alliance News reporter
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