B&M European Value Retail S.A. announced on 31 May 2022 that Alex Russo (currently Group Chief Financial Officer "CFO") would succeed Simon Arora as Group Chief Executive Officer ("CEO"). The Group confirms that Alex will become CEO on 26 September 2022, the commencement of the second half of the Group's financial year. At that point Simon Arora, who announced his intention to step down as CEO on 22 April 2022, will retire as CEO but continue to serve the Board as an Executive Director until the end of his notice period in April 2023.