Furniture retailer DFS has announced that its chairman Richard Baker will leave the company after nearly seven years.
DFS has confirmed that Baker will leave the company in Spring 2017 after being appointed the successor to Charlie Mayfield as chairman at the British Retail Consortium in July.
Baker joined DFS in 2010 and held roles at Asda and Boots before this.
“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,” Baker commented.
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“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 chief executive Ian Filby added: “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.”
The furniture giant has said a search to appoint a new chairman would begin immediately.