B&M European Value Retail S.A. announced that Mike Schmidt is to be appointed as an Executive Director and Chief Financial Officer (CFO) of the Group. He will join the Group on a mutually agreed start date to be announced shortly and which is expected to be no later than 3 January 2023. Mike is currently Executive Director and Group CFO of DFS Furniture plc, having been in that role for the last 3 years.

He initially joined the business in March 2014 as a senior member of the finance team, later becoming Chief Development Officer. DFS is the UK's leading retailer of living room and upholstered furniture and is listed on the London Stock Exchange. Prior to joining DFS, Mike 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.