Confirmation of Director Change

RNS Number : 5580F

DFS Furniture plc

29 July 2016

 

29 July 2016                                                                                           For immediate release

DFS FURNITURE plc

CONFIRMATION OF DIRECTOR CHANGE

DFS Furniture plc (the "Group"), the clear market leading retailer of upholstered furniture in the United Kingdom, today provides an update on its board of directors.

As previously announced, the Group confirms that Nicola Bancroft (currently Commercial Finance Director) will be appointed as Chief Financial Officer and as an executive director with effect from 1 August 2016.  A brief biography is included below.

Nicola replaces Bill Barnes, Finance Director who retires from the board with effect from tomorrow, 30 July 2016, at the end of the current financial year.  Bill will continue as an employee of the Group through August 2016 in order to complete a smooth handover over the year end period.

The Group expects to release a Post-Close Trading Update on 11 August 2016.

Enquiries

DFS (enquiries via FTI) Ian Filby (CEO) Mike Schmidt (Director of Corporate Finance)	[e-mail]
FTI Consulting Jonathon Brill Georgina Goodhew Tom Hufton	[phone] [e-mail]

Nicola's biography: Nicola Bancroft has 29 years of experience in the retail sector.  She joined DFS in January 2013 from Alliance Boots where she held a series of senior finance roles, latterly Commercial Finance Director and Retail & Transformation Finance Director.  At DFS, Nicola has established the commercial finance function and has been responsible for strategic planning, financial planning and analysis and finance partnering supporting all business areas.  She has a BA (Hons) in Accounting and Finance and is a fellow of the Chartered Institute of Management Accountants.

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 45 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. 

 

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