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B&M CEO to retire as group lowers FY guidance

The group is currently in the advanced stages of a recruitment process to appoint Alex Russo’s replacement, and will provide an update ‘in due course’

B&M has revealed that chief executive Alex Russo will retire on 30 April, as the group announced it has lowered its profit guidance for FY25 once again to a range of £605m to £625m. 

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