B&M appoints former Tesco executive as new CEO

GlobalData

Thu, May 15, 2025, 4:33 AM 2 min read

UK assortment goods retailer B&M European Value Retail has appointed erstwhile Tesco enforcement Tjeerd Jegen arsenic its caller CEO to thrust maturation and transformation.

Jegen succeeds Mike Schmidt, presently serving arsenic interim CEO, connected 16 June 2025.

B&M seat Tiffany Hall stated: "I americium delighted to invited Tjeerd to B&M. He is simply a highly talented planetary concern person with in-depth retail acquisition gained successful Europe, Asia and Australasia crossed the grocery, wide merchandise and worth sectors. In a rigorous recruitment process, Tjeerd stood retired from a beardown database of candidates owed to his strategical insight, customer-centric attack and beardown way grounds of driving maturation and transformation."

Jegen's vocation began astatine Ahold Delhaize wherever helium acquired important expertise successful nutrient retail successful the Netherlands and Central Europe.

During his 25 years career, helium has served arsenic CEO astatine Metro Group successful Romania and held elder enactment positions astatine Tesco successful Thailand and Malaysia.

Jegen besides served arsenic CEO astatine HEMA, a Dutch worth assortment chain, successful 2015.

He said: "I'm honoured to articulation 1 of Europe's starring worth retailers astatine specified a pivotal time. Value retail plays a important relation successful the lives of millions of consumers, and I'm passionate astir moving with the squad to thrust maturation done large products, operational excellence, and a beardown lawsuit focus."

In a abstracted development, B&M opened a caller store successful Hexham, Tyne Valley.

The institution took implicit a erstwhile Homebase determination and transitioned to a larger tract pursuing an extended refurbishment.

The caller constitution offers much than 17,000ft² of retail abstraction and a 6,373ft² plot centre.

This enlargement has created 20 section jobs.

the caller B&M store's manager stated: “We’re feeling highly affirmative astir the instauration of much jobs for section people, and we anticipation customers are going to beryllium delighted with their caller store.”

"B&M appoints erstwhile Tesco enforcement arsenic caller CEO" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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