Sofa retailer DFS has announced the appointment of John Fallon as its new Executive Director and Chief Financial Officer (CFO) of the Group.

John will join the Board on 14 November 2022 and moves from Asda, where he most recently served as Group CFO and played a key role in the recent change of ownership.

Steve Johnson, Chairman, said: “I am delighted that John has agreed to join DFS as Group CFO. His previous roles in retail will bring valuable experience and insight to the Board. I look forward to working closely with John over the next few years.”

Tim Stacey, CEO, said: “We are really excited to welcome John to our Group. He is a fantastic addition to our leadership team and brings a wealth of retail experience, leadership skills and energy to the Group.”

John Fallon, said: “I’m excited to be joining the DFS Group at this important time. I’m not only looking forward to working closely with Tim and the Board, but also the wider leadership teams in helping the Company deliver on its strategy for growth and its vision to lead furniture retailing in the digital age.”