Dairy Farm International Hldgs Ltd Directorate Change (9584I)
June 23 2017 - 2:00AM
UK Regulatory
TIDMDFI TIDMJAR TIDMJDS
RNS Number : 9584I
Dairy Farm International Hldgs Ltd
23 June 2017
To: Business Editor For immediate release
IAN MCLEOD TO SUCCEED GRAHAM ALLAN AS GROUP CHIEF EXECUTIVE
23rd June 2017 - Dairy Farm International Holdings Limited today
announced that Graham Allan is to step down as Group Chief
Executive on 31st August 2017 after five years with the Group and
be succeeded on the Board by Ian McLeod on 18th September 2017.
Ian McLeod has over 30 years of experience in the retail sector.
He spent his early career with Asda in the United Kingdom and
Germany before joining the Halfords Group in the United Kingdom in
2003 where he was appointed chief executive. Ian became managing
director of Coles in Australia in 2008, where he oversaw a
significant improvement of the business which outperformed the
market during his tenure. Ian joins the Group from Southeastern
Grocers, the fifth largest supermarket chain in the United States,
where he has been chief executive since 2015.
Commenting on the change, Chairman of Dairy Farm, Ben Keswick,
said, "Under his leadership, Graham has pioneered change
initiatives that have focused on meeting our customers' needs and
enhancing the capabilities of the Group. He has laid the foundation
for further growth across the Region, not least in mainland China.
We would like to thank Graham for his contribution over the last
five years."
"Ian brings with him extensive strategic and operational retail
experience with a strong track record of driving profitable growth.
We would like to welcome Ian to Dairy Farm, and to wish him every
success in taking the Group forward on its next stage of
development," he added.
Dairy Farm is a leading pan-Asian retailer. The Group, together
with its associates and joint ventures, operates some 6,500 outlets
- including supermarkets, hypermarkets, convenience stores, health
and beauty stores, home furnishings stores and restaurants -
employing over 180,000 people across 11 countries and territories,
and had total annual sales in 2016 exceeding US$20 billion. Dairy
Farm International Holdings Limited is incorporated in Bermuda and
has a standard listing on the London Stock Exchange, with secondary
listings in Bermuda and Singapore. It is a member of the Jardine
Matheson Group.
- end -
For further information, please contact:
Brunswick Group Limited
Siobhan Xiaohui Zheng (852) 3512 5044
This and other Group announcements can be accessed through the
internet at 'www.dairyfarmgroup.com'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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