B&M announced the appointment of Oliver Tant as non-executive director to the company on Thursday.
Tant is set to take up the position on 1 November 2022, and will also succeed Ron McMillan as chair of the Audit & Risk Committee in July 2023 and join the Nomination Committee.
McMillan is scheduled to resign after nine years as a non-executive director from the B&M board.
Tant’s previous work experience includes a term as Imperial Brands CFO from 2013 to 2021, and his present role as non-executive director and Audit Committee chair designate of Redrow.
He is also currently positioned at Brookfield Asset Management as a financial consultant at portfolio company Modulaire Group.
“I am delighted that Oliver has agreed to join the Board of B&M. His previous roles at Imperial Brands and KPMG give the combined experience of a Big Four audit partner with eight years as CFO of a FTSE 100 business,” said B&M chairman Peter Bamford.
“I am sure that he will add a great deal of value both as a Non-Executive Director and in his future role as Audit & Risk Committee Chair.”
“Ron has been an outstanding Chair of the Audit & Risk Committee and has played a critical role in the successful transition of B&M from IPO in 2014 to a FTSE 100 company. However, it is now right that we plan for his succession. On behalf of the Board, I would like to thank Ron for his service to B&M and look forward to working with him over the remaining period of his directorship.”
B&M shares fell 1% to 418.6 in early morning trading on Thursday.
