Business
Board changes
Board changes.
About this update from Dunelm Group Plc
[{"type":"text","content":"\n \nRNS Number : 3705R Dunelm Group plc 11 September 2014 \n \n\n \n11 September 2014\n \nDunelm Group plc (\"Dunelm\" or the \"Group\")\nBoard changes\n \nDunelm Group plc, the UK's leading homewares retailer, announces that Nick Wharton has resigned his position as Chief Executive and is stepping down from the Board. Will Adderley, currently Executive Deputy Chairman, is to resume the role of Chief Executive with immediate effect.\n \nWill Adderley joined the Board in 1992, took over the running of the Group in 1996 and remained as Chief Executive through its IPO in 2006. He moved into the role of Executive Deputy Chairman in 2011, a full time role in which he supported the executive management team on a range of operational and strategic projects, with a focus on long-term strategy.\n \nGeoff Cooper, Chairman, said:\n \n\"In almost four years under Nick's leadership, Dunelm has taken great strides forward. His strong marketing, process and operational focus has significantly strengthened the customer offer while at the same time creating a robust infrastructure, more sophisticated retail systems and a more advanced multi-channel proposition. At the same time, a high quality operational management team has been put in place, and the strong growth and momentum of the business has continued. These achievements are reflected in the strong share price performance during Nick's tenure which, with the level of cash returns, has delivered excellent value for shareholders. The Board extends its sincere thanks to Nick and we wish him all the very best for the future.\n \nNick's work in establishing an excellent operational and commercial platform has enabled Dunelm to seize the opportunity to exploit its position as the UK's largest homewares retailer, which will continue to provide growth in the Group's market share and financial performance.\n \nAs a Board, we now need to look to the longer term future, and to develop profitable growth plans for the next phase of our development. Having conducted a comprehensive search process involving external and internal candidates, the Board concluded that Will, with his innate retail flair, is the best person to lead Dunelm into its next chapter of growth. He is an outstanding retailer who knows Dunelm, and...