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B&M billionaire boss Simon Arora to exit company in 2 weeks


// B&M chief executive Simon Arora is set to step down in two weeks’ time
// Arora has led the discount retailer for almost two decades

B&M has revealed when its billionaire chief executive Simon Arora will step down.

Arora has led the discount retailer for almost two decades but will leave his role on September 26.

The date has just been announced by the listed company after his departure was first revealed in April.

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Arora will remain on the board as an executive director until the end of his notice period in April 2023.

B&M operated 21 stores when it was acquired by brothers Simon and Bobby Arora in December 2004.

Since then, it has grown into a group of over 1,100 stores across the UK and France and is now a constituent of the FTSE 100 index.

B&M has confirmed that Tiffany Hall, who is currently a non-executive director and chair of the Remuneration Committee, will become senior independent director.

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