Doncaster-based DFS Furniture said Ian Filby will retire as its CEO after eight years with the group and be succeeded by Tim Stacey, currently chief operating officer.
Stacey will take over as CEO on November 1, 2018, following a six month handover period to ensure a smooth transition.
Filby will remain with DFS Furniture on a part time basis from until October 31, 2019, when he will retire.
“During that time he will also take on the role of chairman of Sofology, leading the continued integration of Sofology into the broader DFS business,” said DFS.
“Currently COO at DFS, Tim has been with the company since 2011.
“In his current role he 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.
“Prior to DFS, Tim spent 12 years at Alliance Boots, where he was multi channel director responsible for Boots.com. Tim is a qualified accountant having trained with KPMG.”
DFS Furniture plc chairman Ian Durant said: “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.
“Following a rigorous internal and external selection process, we are delighted to appoint Tim to the role of CEO.
“Tim joined DFS in 2011 and 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.”