DFS CEO Ian Filby to retire and be succeeded by Tim Stacey
Furniture retailer DFS has announced that its chief executive Ian Filby is to retire and be succeeded by Tim Stacey, its group chief operating officer.
Filby will step down from the company’s board on 31 October 2018 and remain with the business on a part time basis until 31 October 2019 during which time he will also take on the role of chairman of Sofology. Meanwhile, Stacey will become chief executive on 1 November after a six-month handover period.
Ian Durant, chairman of DFS Furniture, said: “Ian has done a superb job over his eight years leading the business, both as a private and public company. Under Ian’s leadership DFS has strengthened its position as the UK’s leading upholstery retailer, broadened its customer appeal through brand acquisitions and partnerships, and created excellent prospects for long-term growth.”
Stacey has been working with DFS since 2011. In his current role he has been responsible for leading the omnichannel transformation of the business, developing the leadership capability across the retail organisation, and leading the strategy and implementation of the property and supply chain transformation. He also led the acquisitions, integration and development of the Sofa Workshop and Dwell brands.
Prior to DFS, he spent 12 years at Alliance Boots where he was multichannel director with responsibility for Boots.com.
Durant added: “Following a rigorous internal and external selection process, we are delighted to appoint Tim to the role of chief executive. Tim joined DFS in 2011 and his wealth of experience in the retail sector and his great contribution to the success of DFS as group chief operating officer for the past three years, make Tim an excellent appointment for the business. I look forward to working with Tim in this new role.”
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