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JB Hi-Fi Limited (ASX:JBH)

ALERT: Price-sensitive ASX Announcement for JBH
Current share price for JBH : $81.930 -35.77 (-30.39%)+
Announcement
Release
11 Aug 2025 8:29AM
Price at Release
$117.700
Full Release
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Summary
JB Hi-Fi Limited announced the appointment of Nick Wells as the new Group CEO, succeeding the retiring Terry Smart on 3 October 2025. Nick Wells, who has been with the company since 2009, has held various leadership roles including Chief Operating Officer and Chief Financial Officer. The board expressed gratitude for Terry Smart's significant contributions and acknowledged his status as a 'good leaver,' allowing him to retain certain share entitlements. Nick Wells’s fixed annual remuneration is set at $1.65 million with potential incentives, underscoring the board's confidence in his leadership for the company’s continued success.
Key Points
  • Nick Wells appointed as new Group CEO of JB Hi-Fi Limited, succeeding Terry Smart.
  • Nick Wells has been with the company since 2009 and previously served as COO and CFO.
  • Terry Smart to retire on 3 October 2025 after significant contributions to the company's growth.
  • JB Hi-Fi acknowledges Terry Smart as a 'good leaver' allowing him to retain his restricted shares.
  • Nick Wells's remuneration as Group CEO set at $1.65 million with incentives up to 203% of his fixed remuneration.
  • Board expresses confidence in Nick Wells's ability to lead the company forward.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.