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Filby to step down at DFS

Ian Filby, DFS ceo is to step down on 31 October. He will be succeeded by Tim Stacey, DFS group coo.

Filby, who has been in the role for eight years, will then become the part-time chairman of Sofology for a year, overseeing its integration.

Stacey joined DFS from Alliance Boots in 2011, where he was multi-channel director responsible for Boots.com. He became coo in 2015 and has been responsible for leading the omnichannel transformation of the business, developing the leadership capability across the retail organisation, and leading the strategy and implementation of the property and supply chain transformation. He also led the successful acquisitions, integration and development of Sofa Workshop and dwell.

‘It has been an immense privilege to lead DFS as ceo and I am proud to have worked with such a talented and inspirational team as the business has progressed and invested for the future, to develop from being a great British business towards being world-class. Tim's track-record as coo puts him in great stead to lead the broader management team, as the company continues to advance and further build on its market-leading position and proven growth levers,’ said Filby 

‘I am excited and feel hugely honoured to be taking on the position of ceo at DFS. I'm really looking forward to developing our fantastic people and building our business together in the future. As coo, I have hugely enjoyed working with Ian and every single member of the DFS family to further establish our position as the clear market leader and I'm confident that we have many exciting opportunities to drive our business forward,’ said Stacey.

‘Ian has done a superb job over his eight years leading the business, both as a private and public company. On behalf of all of the board I would like to thank him for his unwavering hard work, enthusiasm and commitment for the benefit of our customers, our people and our shareholders. Under Ian's leadership DFS has strengthened its position as the UK's leading upholstery retailer, broadened its customer appeal through brand acquisitions and partnerships, and created excellent prospects for long-term growth,’ said Ian Durant, DFS chairman.

‘Following a rigorous internal and external selection process, we are delighted to appoint Tim to the role of ceo. His wealth of experience in the retail sector and his great contribution to the success of DFS as group coo for the past three years, make Tim an excellent appointment for the business. I look forward to working with Tim in this new role.’