Timothy Oulton, the founder and CEO of global furniture group Halo and the Timothy Oulton brand, has passed away.
“This is an incredibly sad time for the entire Halo community, and my heart is with the family as we mourn this loss," says Halo's CFO James Dilley, who has stepped into the role of interim CEO to lead the company through a transitional period following Timothy's "sudden" passing.
"In the weeks and months ahead, I am fully committed to honouring Tim’s legacy in the way I know best – by supporting our teams, executing against Tim’s ambition for the business and driving innovative, sustainable growth for our future. As we begin to move forward together, I am grateful for the support of our experienced leadership team that has worked directly with Tim for many years.”
With over 70 retail locations and distribution in more than 60 countries, five global manufacturing hubs, and more than 350 team members across a dozen countries, Halo believes it is well placed to continue to deliver on Tim’s vision for success and long-term growth.
"Tim’s legacy of creativity, excellence and authenticity will endure," reads a statement from the business. "These principles – and an ongoing commitment to the company’s growth agenda – will guide our leadership team as we move forward and drive continued success for the business. "
Timothy recently announced an extensive programme of global expansion for the Timothy Oulton brand, which would see seven more owned-and-operated Timothy Oulton galleries join an existing 11 standalone showrooms and 30 other retailer partners all over the world.
