B&M names new chief executive
B&M has appointed former Tesco executive Tjeerd Jegen as its new chief executive.
Due to take up his role on 16 June, he will succeed Mike Schmidt who has been serving in the position on an interim basis following the retirement of Alex Russo.
Jegen has a breadth of international retail experience gained from working in leadership roles at Ahold Delhaize, Metro, Tesco, Woolworths, HEMA and Takko Fashion over 25 years. This has included serving as chief executive of Tesco Malaysia and chief operating officer of Tesco Lotus in Thailand.
Tiffany Hall, B&M chair, said: “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.”
Last month, B&M reported that group revenue increased by 3.7% to £5.6 billion, or by 4% at constant rates, in the year to 29 March.
