DFS chairman Richard Baker to step down

DFS Furniture’s chairman, Richard Baker, will step down in spring next year after more than six years in the role.

The company said a “thorough” process to appoint a new chairman led by senior independent director Luke Mayhew will begin immediately and a further announcement will be made in due course.

Baker said: “It will be two years from DFS's IPO next spring and it will be a good time to pass on the baton of chairing this great British company. The transition to a public company has been successful; DFS has an experienced board and a strong management team. I will remain fully involved while my board colleagues look for a new chairman."