# B&M European Value Retail appoints Oliver Tant as Non-Executive Director

- Link: https://www.directorstalkinterviews.com/bm-european-value-retail-appoints-oliver-tant-as-non-executive-director/4121078113
- Published: 2022-08-18T07:23:06+01:00
- Author: Amilia Stone

**B&M European Value Retail S.A.** (LON:BME) has announced the following Board changes.

Oliver Tant is to be appointed, subject to shareholder approval, as a Non-Executive
Director of the Company with effect from 1 November 2022 when he will also join 
the Audit & Risk and Nomination Committees. At the conclusion of the Company’s AGM
in July 2023, it is intended that Oliver will succeed Ron McMillan as the Chair 
of the Audit & Risk Committee. Ron will by then have served over nine years as a
Non-Executive Director and accordingly will be retiring from the Board.

Oliver Tant was Chief Financial Officer of FTSE 30 global consumer and international
tobacco company [Imperial Brands PLC](https://www.directorstalkinterviews.com/ftse-company/imperial-brands-plc/imb.l)
from 2013 to 2021. Oliver had responsibility for the full range of finance functions
along with the corporate development, legal, science, IT and procurement teams. 
During his time at Imperial, Oliver made a significant contribution to the transformation
and development of the business.

Oliver is currently a Non-Executive Director and Audit Committee Chair designate
of Redrow plc. Oliver is also currently working with Brookfield Asset Management
where he is providing financial consulting services to their portfolio company Modulaire
Group.

Prior to joining Imperial, Oliver spent over 30 years with KPMG. He was a partner
from 1994 (covering audit, transaction and advisory services) and from 2005 was 
co-lead of the Financial Advisory business. From 2009 to 2012 Oliver was UK Head
of Audit. Oliver also served on KPMG’s international executive committee for a period
of four years.

For the last four years Ron McMillan has also held the role of Senior Independent
Director. A separate announcement will be made in due course in relation to the 
succession plan for this role.

> **Peter Bamford, Chairman, 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](https://www.directorstalkinterviews.com/news/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.”  _

With regard to Oliver Tant’s appointment to the Board on 1 November 2022, as there
is currently no vacancy in the office of a Director of the Company, in accordance
with Luxembourg law, his appointment is required to be approved by a resolution 
of shareholders at a general meeting of the Company. Accordingly, an Ordinary General
Meeting of shareholders is to be convened during October 2022 (the “Meeting”) for
that purpose. Subject to his appointment being approved at the Meeting, it will 
take effect on 1 November 2022. Further announcements will be made to confirm when
the notice of the Meeting has been despatched to shareholders, and also following
the Meeting to confirm the outcome of the resolution to approve the appointment.

B&M European Value Retail makes this announcement in accordance with LR 9.6.11R 
of the Listing Rules. There are no other matters to be disclosed under LR9.6.13R
in relation to the appointment of Oliver Tant.

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