LUXEMBOURG - B&M European Value Retail S.A., a major player in the discount retail sector, has announced the appointment of Euan Sutherland as a Non-Executive Director, contingent upon shareholder approval. The appointment is scheduled to take effect on January 20, 2025, when Sutherland is also set to join the company's Remuneration and Nomination Committees.
With a career spanning over three decades in the consumer goods and retail industry, Sutherland has held executive roles at several prominent companies including Dixons Retail plc, Matalan plc, Kingfisher (LON:KGF) plc, and currently serves as the CEO of A.G. Barr p.l.c. His past board experiences include positions at the Co-operative Group, Superdry plc, Britvic (LON:BVIC) plc, and Saga plc.
Tiffany Hall, Chair of the Board at B&M, expressed enthusiasm for Sutherland's upcoming role, citing his extensive experience in leading significant growth initiatives in the retail sector both within the UK and internationally.
Sutherland also shared his eagerness to contribute to B&M's ambitions of becoming Europe's premier variety discount retailer. He highlighted his intention to aid in the development of the company's business model and its operational agility, particularly in the UK and French markets.
The formal induction of Sutherland onto the board requires the consent of B&M's shareholders. To facilitate this, an Ordinary General Meeting is slated for January 20, 2025. Should the shareholders approve his appointment, it will become effective immediately thereafter.
The company has made this announcement in line with the Listing Rules, specifically LR 6.4.6R. No further details requiring disclosure under LR6.4.8R have been reported in relation to Euan Sutherland's appointment. This news is based on a press release statement from B&M European Value Retail S.A.
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