Browett exits Dunelm after less than two years in job
Homewares chain Dunelm has revealed that chief executive John Browett has left as it needs ‘different leadership.’
The former Dixons, Apple and Monsoon executive joined in July 2015 as a non-executive director but did not become chief executive until January 2016 after a six month induction period with deputy chairman Will Adderley.
The group said Browett has stepped down with immediate effect for personal reasons. ‘Dunelm has made good progress over the last two years during John's tenure, however the next phase of growth requires different leadership,’ it said.
It also told shareholders that it had seen like for like sales growth in the past two months.
‘I am pleased to have led the development of Dunelm over the last few years and feel that we have achieved much in a challenging retail environment. It is, however, time to move onto a new challenge, and I am looking forward to the next chapter of my career,’ said Browett.
‘I would like to thank John for his contribution to the business and the strategic progress made under his leadership, most notably the exciting acquisition of Worldstores. We will immediately start a search for John's replacement and, in the meantime, I will provide interim executive leadership, supported by Will Adderley, our deputy chairman, and Keith Down, our cfo,’ said Andy Harrison, Dunelm chairman .
‘Dunelm remains the market leader in homewares and we have ambitious and profitable growth plans to continue building the UK's biggest and best multi-channel homewares retailer. We have a strong executive team in place to make this happen, and the board remains confident in the group's future prospects.
‘Trading in the first two months of the new financial year has started positively, with an encouraging like-for-like sales performance.’