Dunelm Group plc Appointment of Chief Executive (9946Z)
December 21 2017 - 1:00AM
UK Regulatory
TIDMDNLM
RNS Number : 9946Z
Dunelm Group plc
21 December 2017
21 December 2017
Dunelm Group plc ("Dunelm")
Appointment of Chief Executive
Dunelm, the UK's leading homewares retailer, is pleased to
announce the appointment of its new Chief Executive, Nick
Wilkinson, with effect from 1(st) February 2018.
Nick has extensive retail experience across a number of consumer
brands, most recently as Chief Executive of Evans Cycles, the UK's
leading cycling specialist, a position he held for five years.
Prior to this he was Chief Executive of Maxeda DIY, a Belgian and
Dutch home improvement retailer. Nick has also spent eight years
with Dixons Retail, where he was Group Buying Director and MD of
Currys.
Andy Harrison, Chairman of Dunelm, said:
"I am delighted with Nick's appointment. He brings an excellent
retail skill-set with multi-channel experience across a number of
consumer sectors and geographies. We are confident that Nick's
proven business leadership and track record will help us to deliver
our ambitious plans for growth in market share and creation of
substantial value for shareholders."
Nick Wilkinson said:
"I am very excited to be joining Dunelm, the Home of Homes.
Dunelm has so many strengths with an excellent customer offering,
great people, trusted brands, a leading market position and
numerous opportunities for further growth. I am really looking
forward to working with the fantastic team at Dunelm and leading
the company into its next exciting chapter."
Ends
For further information, please contact:
Dunelm Group plc 0116 264 4439
Andy Harrison, Chairman
MHP Communications
Tim Rowntree/Simon Hockridge 0203 128 8789
dunelm@mhpc.com
Notes to editors:
1. Nick Wilkinson was previously Chief Executive of Evans Cycles
(2011-2016), the leading cycle specialist in the UK, during its
ownership by Active PE and its sale to ECI Partners. Prior to this
Nick was Chief Executive of Maxeda DIY (2007-2010), a EUR1.4bn
turnover Belgian and Dutch home improvement business. Nick received
his initial retail training with 8 years at Dixons Retail Group
(1999-2006), where he was Group Buying Director and MD of Currys.
Nick's early career was at Unilever and McKinsey & Co. Nick
holds a degree from Cambridge University.
2. Nick's compensation package will be in accordance with
Dunelm's approved Remuneration Policy and broadly in line with that
received by our previous Chief Executive. The details will be fully
disclosed in our 2018 Annual Report.
3. Save as disclosed above, there are no disclosures to be made
pursuant to LR 9.6.13 in relation to Nick Wilkinson.
4. This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR").
5. Dunelm's Q2 Trading Update will be announced on 16 January 2018.
About Dunelm:
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, following
the opening of the first Dunelm superstore in 1991, into broader
homewares categories. Dunelm is now a multi-channel retailer, with
Dunelm.com being launched in 2005 and the acquisition of the
Worldstores Group accelerating this yet further. Today, around 20%
of sales are generated online.
Dunelm is market leader in the GBP12bn UK homewares market and
active in the GBP11bn UK furniture market. It currently operates
169 stores, of which 165 are out-of-town superstores and 4 are
located on high streets, and online stores, the largest of which
can be found at www.dunelm.com, www.worldstores.co.uk,
www.kiddicare.com and www.achica.com. Dunelm employs approximately
10,000 colleagues and sells around 30,000 product lines in store,
increasing to around 300,000 online.
Dunelm, "The Home of Homes", offers a customer proposition of
style, value, quality and ease of shopping. From its textiles
heritage, in areas such as bedding, curtains, cushions, quilts and
pillows, Dunelm has rapidly broadened its product offering to a
complete homewares offer including the likes of kitchenware,
dining, lighting, seasonal, wall art 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.
The product range includes many exclusive own brand designs, and
premium brands such as Dorma, Fogarty and Kiddicare. This is
augmented by a range of other well-known brands and license
agreements.
Dunelm has been listed on the London Stock Exchange since
October 2006 (DNLM.L) and has a current market capitalisation of
approximately GBP1.4bn.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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