Sir Terry Leahy to become chairman of B&M Bargains However, the retailer has been transformed since then. It now has more than 300 stores, 100 employees, and annual sales of £1bn, Sir Terry is an adviser to CD&R and his role as chairman is his first significant management position since stepping down as chief executive of Tesco in 2011. In a statement, the Arora brothers said: "We are delighted to have the opportunity to partner with CD&R. We are proud of the success we have had with B&M since acquiring it in 2005, but recognise that we need a partner to bring the expertise to ensure the business fulfils its overseas potential.