The former chief financial officer at Imperial Brands is joining the board of discount retailer B&M Retail - and will take on a key committee role following another board member's retirement.
Oliver Tant is set to become a non-executive director at B&M from November 1, 2022, when he will also join the group's Audit & Risk and Nomination Committees
And after the group's AGM in July 2023, Mr Tant is set to succeed Ron McMillan as the Chair of the Audit & Risk Committee. Mr McMillan will by then have served for more than nine years as non-executive director and will be retiring from the board.
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Mr Tant was CFO at Imperial Brands from 2013 to 2021 and is currently non-executive director and audit committee chair designate at Redrow plc. Before joining Imperial he spent more than 30 years with KPMG, serving on its international executive committee for four years.
Chairman Peter Bamford said: "I am delighted that Oliver has agreed to join the Board of B&M. His previous roles at Imperial Brands and KPMG give the combined experience of a Big Four audit partner with eight years as CFO of a FTSE 100 business.
"I am sure that he will add a great deal of value both as a non-executive director and in his future role as Audit & Risk Committee chair.
"Ron has been an outstanding chair of the Audit & Risk Committee and has played a critical role in the successful transition of B&M from IPO in 2014 to a FTSE 100 company. However, it is now right that we plan for his succession.
"On behalf of the board, I would like to thank Ron for his service to B&M and look forward to working with him over the remaining period of his directorship."
