In advance of today's AGM, DFS has announced the appointment of an interim CFO, Marie Wall, on 2nd December. Marie has previously held senior finance roles at Imperial Brands, Wolseley and Dixons Carphone.
Marie will report to CEO Tim Stacey. Following an announcement on 17th October, DFS has confirmed that John Fallon will step down from the board today, and will leave the business on 17th January 2025, ensuring "a thorough handover" to Marie.
Chairman Steve Johnson says: "Marie's experience and skills make her ideally suited to take on the role of Interim CFO, I am delighted Marie has agreed to join DFS at this key moment for the group."
Tim Stacey adds: "I am very pleased to welcome Marie to our group. She is a strong addition to our leadership team bringing with her a wealth of financial leadership experience, as we pursue our growth strategy."
The retailer has also delivered the following trading update: "As announced at our full year FY24 results on 25th September 2024 we noted an improvement in trading performance in the final quarter of the period with YoY growth in our order intake.
"This trend has continued into the current financial year, with order intake remaining in growth over the first 20 weeks of the period, in line with our expectations. In addition, the progress made on reducing our cost base through FY24 has also continued through the current financial year to date.
"We will provide further details on Group performance at the post-close announcement on 17th January 2025."
