DFS’s chief financial officer, John Fallon, will be stepping down from his role in January 2025, prompting an external search for his successor.
- Fallon will remain at DFS until mid-January 2025 to ensure a seamless transition.
- The decision not to seek re-election will be formalised at DFS’s AGM in November.
- Fallon joined the company in November 2022, having previously worked at Asda.
- DFS chair Steve Johnson praised Fallon’s contributions during his tenure.
DFS’s chief financial officer, John Fallon, has announced his intention to depart from the furniture retailer by mid-January 2025. This transition follows his decision not to stand for re-election at the upcoming AGM scheduled for November. To facilitate a smooth transition, Fallon will maintain his leadership role until his departure, supporting the business during its interim period.
John Fallon, who joined DFS in November 2022 after a notable period at Asda, has played a pivotal role in navigating the company through challenging times. His decision comes as DFS initiates an external search to find his replacement, ensuring the continuity of its financial leadership. Fallon’s strategic insights and financial acumen have been highly valued by the board and his colleagues.
Reflecting on his time with DFS, John Fallon expressed his appreciation for the opportunities and experiences gained. He remarked, ‘The DFS Group is a great business, with many exciting opportunities ahead – and I am sure that the business will make the most of those opportunities in the years ahead. I’ve enjoyed my time with the group but now is the right time to start thinking about my next executive role.’
Steve Johnson, the chair of DFS, acknowledged Fallon’s significant contributions, stating, ‘I’d like to express our thanks to John for his contribution as CFO. During his time with us, he has helped navigate the DFS Group through a challenging period and leaves a resilient business, well placed to grow. He has been an asset to the board and we wish him all the best as he considers his next executive role.’
John Fallon’s departure marks a time of transition for DFS as they search for a new CFO while recognising his substantial impact on the company.
