JB Hi-Fi group chief financial officer, Nick Wells has taken on the role of group chief operating officer to provide additional support to assist with growth in line with expansion including the recent acquisition of e&s.

Wells was appointed JB Hi-Fi group chief financial officer in 2014. During his time in the role, he was responsible for overseeing the finance, property, risk, sustainability and merger and acquisition (M&A) functions. He led the acquisitions of The Good Guys in 2016 and e&s in 2024.

JB Hi-Fi Group general manager of analysis and planning, David Giansalvo will succeed Wells in the role of group chief financial officer. Giansalvo is a chartered accountant with over 15 years of experience in senior financial leadership roles.

He was initially with the JB Hi-Fi Group from 2008 to 2011 before moving to the Catch Group, overseeing finance, M&A and strategy. He returned to JB Hi-Fi in 2016, leading the commercial finance function, as well as being actively involved in investor relations and M&A activities.

Wells and Giansalvo report directly to JB Hi-Fi Group CEO, Terry Smart. All other group executives will continue to report directly to Smart.