Liverpool’s B&M announces board change

Liverpool-based FTSE 100 firm B&M European Value Retail S.A. announced that Nadia Shouraboura is to be appointed, subject to shareholder approval, as a non-executive director of the company with effect from May 29, 2024, when she will also join its audit and risk and nomination committees.

Nadia has a very broad range of experience which includes public company roles and leading entrepreneurial ventures in retail and other sectors,” said B&M.

“She is currently serving as non-executive director at Ferguson plc, Formlabs Inc., MTS Group / Mobile Telesystems PJSC, Tosca Limited and Ocado Group plc.”

B&M is based in Liverpool and registered in Luxembourg.

The company added: As there is currently no vacancy in the office of a director of the company, in accordance with Luxembourg law, Nadia’s appointment to the board must be approved by a resolution of the shareholders of the company.

“Accordingly, an Ordinary General Meeting of shareholders is to be convened on or around 29 May 2024 for that purpose.

“Subject to her appointment being approved at the meeting, it will take effect immediately.

“Further announcements will be made to confirm when the notice of the meeting has been despatched to shareholders and also following the meeting to confirm the outcome of the resolution to approve the proposed appointment. “

 B&M chair Peter Bamford said: “I am delighted that Nadia has agreed to join the board of B&M.

“She brings exceptional international and strategic experience to the board.

“Nadia will enhance the diversity of experience and skills on our board considerably.”

Shouraboura said: “I’m thrilled to be joining B&M.

“My experience in retail taught me that customers value three things: selection, convenience, and competitive pricing.

“During my recent visit to the UK, I had the opportunity to visit a number of B&M stores and was impressed by the product quality, range and low prices.”