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RNS Number : 1698I
Dunelm Group plc
07 December 2015
 

 

7 December 2015

 

Dunelm Group plc

 

Confirmation of Board Changes

 

Dunelm Group plc ("Dunelm" or the "Company"), the UK's leading homewares retailer, is pleased to confirm that Keith Down has today joined the Board as Chief Financial Officer.  As announced on 9 July 2015, Keith succeeds David Stead who will step down from the Board and retire from the Company on 31 December 2015, following a handover period.

 

Keith is the beneficial owner of 5,265 ordinary shares of 1 pence each in the Company, which he purchased on 9 October 2015 pursuant to his commitment to purchase Dunelm shares on joining the Company, as set out in Dunelm's approved Remuneration Policy.

 

Dunelm also confirms that John Browett, who joined the Board on 1 July 2015 as Chief Executive Designate, will assume the role of Chief Executive Officer on 1 January 2016, whereupon Will Adderley will revert to his former position as Deputy Chairman, as previously announced.

 

Ends

 

For further information, please contact:

 

MHP Communications

 

020 3128 8100

John Olsen

Simon Hockridge

 

 

 

Notes to Editors

 

1.   Dunelm is market leader in the £11bn UK Homewares market. The Group currently operates 156 stores, of which 150 are out-of-town superstores and 6 are located on high streets, and an on-line store, to be found at www.dunelm.com.

 

Dunelm's "Simply Value for Money" customer proposition offers industry-leading choice of quality products at keen prices, with high levels of availability and supported by friendly service. Core ranges include many exclusive designs and premium brands such as Dorma, and are supported by a frequently changing series of special buys. The superstore format provides an average of 30,000 sq. ft. of selling space with over 20,000 products across a broad spectrum of categories, extending from the Group's home textiles heritage (bedding, curtains, cushions, quilts and pillows) to a complete Homewares offer including kitchenware and dining, lighting, wall art, furniture and rugs. Dunelm is one of the few national retailers to offer an authoritative selection of curtain fabrics on the roll, and owns a specialist UK facility dedicated to producing made-to-measure curtains.

 

Dunelm was founded in 1979 as a market stall business, selling ready-made curtains. The first shop was opened in Leicester in 1984 and over the following years the business developed into a successful chain of high street shops before expanding into broader homewares categories following the opening of the first Dunelm superstore in 1991.

 

Dunelm has been listed on the London Stock Exchange since October 2006 (DNLM.L) and has a current market capitalisation of approximately £1.9bn.

 

2.   Save as disclosed above and in the announcement dated 9 July 2015, there are no disclosures to be made pursuant to LR 9.6.13 in relation to Keith Down.


This information is provided by RNS
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