DFS chairman Richard Baker to step down
Baker has held the position since July 2010.
Explaining his decision to step down, he said: "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."
DFS said the process to appoint Baker’s successor will begin immediately and will be led by senior independent director Luke Mayhew.
DFS chief executive Ian Filby said: "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."
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