Ian Filby is retiring as CEO of DFS, the Doncaster-headquartered upholstery and furniture specialist, after eight years in the role.
He will be succeeded by current Group Chief Operating Officer, Tim Stacey.
Mr Filby will step down both as CEO and from the Board of Directors on the 31 October 2018. Mr Stacey will take over on 1 November 2018 following a six month handover period to ensure a smooth transition.
In a trading update, DFS confirmed that Mr Filby will remain with the Group on a part-time basis from November until 31 October 2019 when he will retire.
During that time he will also take on the role of Chairman of Sofology, which DFS acquired in 2017.
“Ian has done a superb job over his eight years leading the business, both as a private and public company,” said Chairman Ian Durant.
“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.”
Mr Filby added: “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.”