B&M has announced that its chief executive Simon Arora is to retire.
Arora has led the business since he acquired it together with his brother Bobby in December 2004. Since then, it has grown to a group of over 1,100 stores across the UK and France.
In a statement, B&M said Arora will be stepping down in 12 months time, although in the interim he will remain fully committed to the business and will assist in a smooth transition to his successor.
A succession process, led by B&M chairman Peter Bamford, will consider both internal and external candidates.
