No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Variety store and garden centre operator B&M European Value Retail has appointed Atheeq Akbar as its next chief financial officer, with the former Asda executive set to join the group in February 2027.
Akbar currently serves as vicepresident of commercial finance at Asda. Before that, he held senior finance roles at Morrisons, becoming a finance director in 2021, and previously worked at Tesco.
B&M said on Wednesday that Akbar brings extensive UK retail and finance leadership experience to the business.
Chief executive Tjeerd Jegen said: "Securing the right individual as chief financial officer has been a key priority for me in recent months and I am excited that after an extensive search, we can announce Atheeq in this role. His strong commercial background in UK retail will be a great asset as we bring about change to deepen the financial foundations of our business."
As of 0830 BST, B&M shares were up 0.75% at 188.09p.
Reporting by Iain Gilbert at Sharecast.com
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.