DFS Furniture plc Directorate Change (5114R)

TIDMDFS

RNS Number : 5114R

DFS Furniture plc

12 December 2016

12 December 2016 For immediate release

DFS FURNITURE plc

DIRECTORATE CHANGE

DFS Furniture plc ("DFS" or the "Group") announces that Mr Richard Baker, who has held office as Chairman of DFS since 1 July 2010, has informed the Group's Board of Directors that he intends to step down as Chairman in Spring 2017.

A thorough process to appoint a new Chairman, led on behalf of the Board by senior independent director Mr. Luke Mayhew, will commence immediately. A further announcement will be made in due course, once the effective date of Mr Baker's resignation is confirmed, and a new Chairman is appointed.

Richard Baker, Chairman commented:

"It will be two years from DFS's IPO next spring and it will be a good time to pass on the baton of chairing this great British company. The transition to a public company has been successful; DFS has an experienced Board and a strong management team. I will remain fully involved while my Board colleagues look for a new Chairman."

On behalf of the Board, DFS Chief Executive Officer Ian Filby commented:

"Through his strong leadership and deep retail sector experience Richard has contributed significantly to the Group's development and growth over the last six years. We are very grateful to Richard for his outstanding service as a Director and Chairman, and wish him all the best for the future."

Enquiries:

 
 DFS (enquiries via FTI)       FTI Consulting 
 Ian Filby (CEO)               Jonathon Brill 
 Nicola Bancroft (CFO)         Georgina Goodhew 
 Mike Schmidt (Director        Eleanor Purdon 
  of Corporate Finance) 
 Paul Walker (Group Company 
  Secretary)                   [phone] 
                               [e-mail] 
 

About DFS Furniture plc

DFS is the clear market leading retailer of upholstered furniture in the United Kingdom. We design, manufacture, sell and deliver to our customers an extensive range of upholstered furniture products. The business operates a retail network of upholstered furniture stores in the United Kingdom and Europe, together with an online channel. These have been established and developed gradually over more than 47 years of operating history. We attract customers to our stores and website through our substantial and continued investment in nationwide marketing activities and our reputation for high quality products and service, breadth of product ranges and price points and favourable consumer financing options.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 12, 2016 02:00 ET (07:00 GMT)