B&M appoints interim CEO as search for Russo successor continues

B&M has appointed group chief financial officer Mike Schmidt as interim chief executive, effective immediately.
It comes as previous boss Alex Russo, who joined the discount chain in 2020, retired today (30 April) after three years leading the business.
B&M said: “The board continues to make good progress on CEO succession and will update the market as soon as the recruitment process has concluded.
“In the intervening period, the board has appointed Mike Schmidt to act as int