London, UK, 2014-7-21 — /EPR Retail News/ — Darty plc, a leading multi-channel electrical retailer, today announces that it will be transferring a number of the remaining central support functions based in London to Paris over the coming year as it further consolidates its head office function in line with the focus on its core business.
Dominic Platt, Finance Director, has also informed the Board of his intention to step down from his role and seek new opportunities elsewhere. Dominic has agreed to continue in his role until the September 2015 AGM at the latest in order to oversee the moves to Paris and to allow an orderly handover to his successor. A search for his successor has commenced, led by the Group’s Chairman Alan Parker.
Alan Parker, Chairman of Darty, said:
“Dominic has made a tremendous contribution since he joined the company nearly five years ago. Darty is now a completely different business to the one that Dominic joined – Dominic’s knowledge and experience have proved invaluable through what has been a period of great change and he has played a key role in developing and implementing the clear strategy we now have to grow profitably. We wish him well in the future.”
Dominic Platt added:
“I have greatly enjoyed my time at Darty. I am particularly pleased with the restructuring programme that we have undertaken, focusing the business back on its core markets and exiting the loss making businesses. The business is well-placed for the future, including our recent successful bond issue and refinancing, and I am looking forward to a new opportunity in the future.”
ENDS
Enquiries
Analysts:
Darty plc
Simon Ward
+44 (0) 20 7269 1400
Press:
UK
RLM Finsbury
Rollo Head
+44 (0) 20 7251 3801
Jenny Davey
France
Le Public Système
Ségolène de Saint Martin
+33 1 41 34 23 31 / +33 6 16 40 90 73
About Darty plc
Darty group is a leading multi-channel service led electrical retailer operating over 380 stores in five European countries and achieving over 13 per cent of its product sales on the web. It generated an annual turnover of over €3.5 billion in 2013/14 through operations in Darty France, Vanden Borre in Belgium, BCC in the Netherlands and Datart in the Czech Republic and Slovakia. Its ordinary shares are listed with the UK Listing Authority and trade on the market for listed securities on the London Stock Exchange under the symbol DRTY.L. It is also listed on the NYSE Euronext Paris.
For further information, please visit the company’s website, www.dartygroup.com.
Certain statements made in this announcement are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future results in forward looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, Darty plc does not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future developments or otherwise.