John Fallon, the CFO of DFS, will be stepping down from his role in January 2025, ensuring a smooth handover.
- Fallon will not seek re-election at the DFS AGM scheduled for 22 November 2024.
- The departure follows his two-year tenure, after previously serving at Asda.
- DFS has initiated an external search to find a suitable successor for the CFO position.
- Fallon expresses his optimism for DFS’s future while planning for his next career move.
John Fallon, Chief Financial Officer of DFS, is set to exit his position in January 2025, following a decision not to stand for re-election at the forthcoming DFS Annual General Meeting on 22 November 2024. Fallon will continue to serve as CFO for the remainder of the first half of the company’s fiscal year to ensure a seamless transition of responsibilities.
Appointed in November 2022, Fallon brought extensive experience from his previous role at Asda. In his time with DFS, he has navigated the company through challenging financial periods, contributing significantly to its current resilient position. His departure marks the culmination of nearly two years in the role.
The board of DFS has commenced an external search process to appoint a new Chief Financial Officer who will succeed Fallon. This decision underscores the company’s commitment to maintaining strong financial leadership and ensuring corporate stability moving forward.
During his announcement, Fallon acknowledged the positive trajectory of DFS and expressed his confidence in the company’s future prospects. He mentioned, “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.”
DFS Chair Steve Johnson publicly thanked Fallon for his notable contributions, stating, “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.” Johnson’s remarks highlight the respect and appreciation for Fallon’s impact and leadership within the organisation.
Fallon’s departure is a strategic transition as DFS seeks new leadership to continue its trajectory of growth.
