JB Hi-Fi Limited announced the following changes to its Group Executive team taking effect on 2 October 2024. Nick Wells has been appointed as Group Chief Operating Officer. Nick is an Executive Director who has been Group Chief Financial Officer since 2014.

During his time in this role, Nick has overseen the finance, property, risk, sustainability and M&A functions and implemented significant strategic initiatives, including leading the acquisitions of The Good Guys in 2016 and of E&S in 2024. With the Group's further expansion, Nick's new role as Group Chief Operating Officer will provide additional support to assist the growth of the brands. Nick will report directly to Terry Smart, Group Chief Executive Officer, and all other Group Executives will continue to report directly to Terry.