A seasoned executive is set to take charge of one of Europe's leading value retailers in June, following a period of interim leadership and commercial challenges. The appointment comes at a pivotal time for the company, which recently revised its profit forecast after a tough trading period in its UK operations.
© Tjeerd Jegen | LinkedIn
Starting 16 June, Tjeerd Jegen will assume the role of chief executive at B&M, succeeding interim CEO and current chief financial officer Mike Schmidt. Jegen brings over 25 years of international retail experience, having held leadership roles at major retail groups including Ahold Delhaize, Metro, Tesco, Woolworths, Hema, and Takko Fashion.
B&M chair Tiffany Hall said Jegen was selected from a competitive field due to his "strategic insight, customer-centric approach, and strong track record of driving growth and transformation". She described him as "a highly talented international business leader" with broad experience across Europe, Asia, and Australasia.
The company is aiming to rebound after a turbulent period that saw over £25 million wiped off its earnings expectations. Jegen expressed optimism about the role ahead, stating: 'Value retail plays a crucial role in the lives of millions of consumers, and I'm passionate about working with the team to drive growth through great products, operational excellence, and a strong customer focus.'
He added: 'I'm honoured to join at such a pivotal time and look forward to building on strong foundations to take the business to the next level.'
The appointment marks a significant step in the retailer's strategy to strengthen leadership and reinvigorate performance amid an evolving value retail landscape.
Source: www.retailgazette.co.uk