B&M names new chief financial officer
B&M has announced that Mike Schmidt is to become its new chief financial officer.
Due to join the business no later than 3 January 2023, Schmidt is currently working as group chief financial officer at furniture retailer DFS.
Prior to this, he spent 13 years in corporate finance roles at leading investment banks including Citi and UBS where he gained experience advising a wide range of consumer-focused companies.
At B&M, Schmidt will replace Alex Russo who will be stepping up to the role of group chief executive.
Peter Bamford, B&M chairman, said: “I am delighted that Mike has agreed to join B&M as Group CFO. His previous roles in both retail and investment banking will bring valuable experience and insight to the Board alongside the continuity provided by Alex Russo’s appointment as future CEO. I look forward to working closely with Mike over the coming years.”
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