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flag B&M European Value Retail names new CEO Tjeerd Jegen amid profit warnings and share price drops.

flag B&M European Value Retail, a major UK discount retailer, has appointed Tjeerd Jegen as its new CEO starting June 16, 2025. flag Jegen, with over 25 years of international retail experience from companies like Tesco and Woolworths, will take over from interim CEO Mike Schmidt. flag Jegen's appointment comes after the company issued a profit warning and saw a drop in share prices, indicating a need for growth and transformation in B&M’s European operations.

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