B&M CEO steps down, search for successor continues

(Sharecast News) - Variety store B&M European Value Retail said on Wednesday that Alex Russo will step down as chief executive, effective immediately. B&M, which announced Russo's departure back in February, said it "continues to make good progress" on the search for Russo's successor and will update the market as soon as the recruitment process has concluded.

In the intervening period, B&M has appointed Mike Schmidt to act as interim CEO, alongside his role as chief financial officer.

As of 0855 BST, B&M shares were up 0.33% at 336.10p.





Reporting by Iain Gilbert at Sharecast.com