// DFS chairman Ian Durant is set to retire following the retailer’s AGM in November
// Current chair of the remuneration committee Steve Johnson has been chosen to succeed Durant
DFS has revealed that its chairman Ian Durant will step down following the furniture retailer‘s annual general meeting on 4 November.
Following the conclusion of an externally led recruitment process, Steve Johnson has been chosen to succeed Durant, subject to his re-election as chair of the group’s remuneration committee by shareholders at the AGM.
Johnson joined the DFS board back in December 2018 and is currently the chair of the remuneration committee. He has strong retail experience having previously held several senior roles with Asda and Matalan.
Subscribe to Retail Gazette for free
Sign up here to stay in the know by getting the latest news straight in your inbox every morning
DFS chief executive Tim Stacey said: “I am delighted by the board’s announcement of Steve’s appointment as chair. His detailed knowledge of our group and wider retail experience will continue to be invaluable as we move forward with our strategy to lead furniture retailing in the digital age.
“We would also like to reiterate our sincere thanks to Ian Durant, for his outstanding service as a director and chair, and wish him all the best for the future.”
Source link >