Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Alistair Houghton

Board changes at B&M as committee chair retires

The former chief financial officer at Imperial Brands is joining the board of discount retailer B&M Retail - and will take on a key committee role following another board member's retirement.

Oliver Tant is set to become a non-executive director at B&M from November 1, 2022, when he will also join the group's Audit & Risk and Nomination Committees

And after the group's AGM in July 2023, Mr Tant is set to succeed Ron McMillan as the Chair of the Audit & Risk Committee. Mr McMillan will by then have served for more than nine years as non-executive director and will be retiring from the board.

READ MORE: AO World slides to loss over higher labour costs and cost-of-living pressure

Mr Tant was CFO at Imperial Brands from 2013 to 2021 and is currently non-executive director and audit committee chair designate at Redrow plc. Before joining Imperial he spent more than 30 years with KPMG, serving on its international executive committee for four years.

Chairman Peter Bamford said: "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.

"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."

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.