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RNS Number : 1132Y
DFI Retail Group Holdings Ltd
02 May 2023
Announcement
The following announcement was issued today to a Regulatory
Information Service approved by the Financial Conduct Authority in
the United Kingdom.
DFI RETAIL GROUP HOLDINGS LIMITED
DFI ANNOUNCES LEADERSHIP TRANSITION WITH SCOTT PRICE TO SUCCEED
IAN MCLEOD AS GROUP CHIEF EXECUTIVE
2nd May 2023 - DFI Retail Group Holdings Limited announces the
appointment of Scott Price as Group Chief Executive with effect
from 1st August 2023. He will succeed Ian McLeod who has been the
Group Chief Executive since 2017 and will be stepping down.
Scott is an experienced senior business executive with 25 years
of international experience, of which 19 years was spent in Asia,
spanning the retail, logistics and consumer packaged goods
sectors.
Most recently, Scott was the President, International at UPS,
and before that the company's Chief Strategy & Transformation
Officer. Prior to UPS, he was with Walmart, first as their CEO,
Asia, and then as the EVP, Global Leverage, where he led global
functions to drive synergies across Walmart's four largest
businesses - U.S., International, Sam's Club and E-commerce. Scott
was also President & CEO, at DHL Express in Europe and earlier,
the CEO, Asia Pacific. He started his career with the Coca Cola
Company and held country business positions in various locations
across Asia.
Scott's career has centred on leading comprehensive programs to
transform business growth, talent, and culture, resulting in
significant enhancements to shareholder returns.
Commenting on the appointment, Ben Keswick, Chairman of DFI
Retail Group, said, "I am delighted to welcome Scott to the Group.
Scott has successfully led several large, multi-business
organisations. He has the combination of strategic, execution and
Asia expertise to oversee our portfolio of leading retail
businesses across the region, building on our solid foundations to
create long-term value. I wish him every success as our new Group
Chief Executive."
"I would like to thank Ian for his six years as Group Chief
Executive. At DFI, Ian has led a comprehensive business
transformation to strengthen our market leading positions,
including with respect to customer and product propositions, core
operating systems and processes, and supply chain. With Ian's
leadership, DFI has responded to changing market needs for an
integrated omnichannel customer experience with new store formats;
the launch of Meadows, our Own Brand business with over 3,000 new
items in three years; and via the launches of the yuu Rewards
loyalty program in Hong Kong and Singapore - which now has four
million members in Hong Kong alone - and yuu-to-me, a one-stop
online shopping experience in Hong Kong."
Ian will remain with the Group until the beginning of August to
ensure a smooth transition of the business to Scott over the next
few months. Scott will relocate with his wife and be based in Hong
Kong.
Scott Price has held directorship in the following listed
company in the past five years:
Coles Group, Australia Independent Non-executive Director September 2022 to date
No further information is required to be disclosed in respect of
Scott Price's appointment pursuant to 9.6.13R of the Listing Rules
of the UK Listing Authority.
DFI Retail Group (the 'Group') is a leading pan-Asian retailer.
At 31st December 2022, the Group and its associates and joint
ventures operated over 10,600 outlets and employed some 216,000
people. The Group had total annual revenue in 2022 exceeding US$27
billion.
The Group provides quality and value to Asian consumers by
offering leading brands, a compelling retail experience and great
service; all delivered through a strong store network supported by
efficient supply chains.
The Group (including associates and joint ventures) operates
under a number of well-known brands across food, health and beauty,
home furnishings, restaurants and other retailing.
The Group's parent company, DFI Retail Group Holdings Limited,
is incorporated in Bermuda and has a primary listing in the
standard segment of the London Stock Exchange, with secondary
listings in Bermuda and Singapore. The Group's businesses are
managed from Hong Kong by DFI Retail Group Management Services
Limited through its regional offices. DFI Retail Group is a member
of the Jardine Matheson Group.
- end -
For Media enquiries :
DFI Retail Group Management Services Limited
Christine Chung (852) 2299 1056
Brunswick Group
William Brocklehurst (852) 5685 9881
This and other Group announcements can be accessed through the
Internet at 'www.DFIretailgroup.com'.
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END
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