US EditionB&M Appoints Ex-Tesco Executive as New CEO
- B&M, a Liverpool-based value retailer, appointed Tjeerd Jegen as its new CEO effective June 16, 2025.
- This leadership change follows Alex Russo's retirement on April 30, 2025, amid lowered profit forecasts and interim leadership by Mike Schmidt since February.
- Jegen brings over 25 years of retail experience across Europe, Asia, and Australasia, including leadership roles at Tesco, Woolworths Australia, HEMA, and Takko Fashion.
- His base salary will be £928,000 per year with a maximum annual bonus of 250%, half of which will be deferred into shares for three years.
- B&M’s chair Tiffany Hall described Jegen as a highly talented international leader with strategic insight and customer focus to drive growth.
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12 Articles
B&M appoints Tjeerd Jegen as Chief Executive Officer - Big Furniture Group
Value retailer B&M has announced the appointment of Tjeerd Jegen as its new Chief Executive Officer (CEO). Tjeerd will take over from Mike Schmidt, currently interim Chief Executive Officer on 16th June 2025. Tjeerd brings broad international retail experience having worked in leadership roles at Ahold Delhaize, Metro, Tesco, Woolworths, HEMA and Takko Fashion over 25 years. Tiffany Hall, Chair, said: “I am delighted to welcome Tjeerd to B&M. He…
B&M Appoints Former Tesco And Ahold Exec As New CEO
Discount retailer B&M has appointed industry veteran Tjeerd Jegen as its new Chief Executive. He will take up the position on 16th June, replacing interim CEO Mike Schmidt, who stepped into the role when Alex Russo departed at the end (more…) The post B&M Appoints Former Tesco And Ahold Exec As New CEO appeared first on KamCity.
B&M appoints ex-Tesco exec as new CEO
B&M has announced the appointment of Tjeerd Jegen as its new chief executive officer. The value retailer revealed that Jegen will take over from current interim CEO Mike Schmidt, on 16 June 2025. Jegen joins the company having worked in leadership roles at Ahold Delhaize, Metro, Tesco, Woolworths, HEMA and Takko Fashion over 25 years. Tiffany Hall, chair, said: “I am delighted to welcome Tjeerd to B&M. He is a highly talented international busin…
Former HEMA CEO Tjeerd Jegen to lead British discounter B&M - RetailDetail EU
British non-food discounter B&M has appointed Tjeerd Jegen as CEO. The Dutchman was previously a top executive at HEMA and Takko Fashion, among others. International experience Jegen will join the retailer from 16 June, succeeding interim CEO Mike Schmidt. B&M relies on the broad international experience of the top manager, who held executive positions at Ahold Delhaize, Metro, Tesco and Woolworths, was CEO of HEMA for six years, and was at the …
Liverpool’s B&M hires Tjeerd Jegen as new CEO – Northern Financial Review
Liverpool-based B&M European Value Retail announced the appointment of Amsterdam-based Tjeerd Jegen as its chief executive officer. B&M said it has applied for the necessary UK Visa and related work permits for Jegen. “Tjeerd brings broad international retail experience having worked in leadership roles at Ahold Delhaize, Metro, Tesco, Woolworths, HEMA and Takko Fashion over 25 years,” said B&M. Jegen will take over from Mike Schmidt, currently…
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