- After less than two years on the job
- Accolades, praise and thanks for Browett
- Search for a successor
- Browett said 49 words
(exechange) — Syston, United Kingdom, August 30, 2017 — John Browett, chief executive of Dunelm, leaves. It is an abrupt change. As announced by Dunelm Group plc in a news release on Wednesday, August 30, 2017, John Browett leaves the post as Chief Executive Officer at the homewares retailer in a surprising move after less than two years on the job, effective immediately.
No company wants a CEO to flame out in the first years.
Dunelm will undertake a search for a successor.
“The next phase of growth requires different leadership”
The sudden management change is explained as follows. Dunelm said in a fairly blunt statement: “Dunelm has made good progress over the last two years during John’s tenure, however the next phase of growth requires different leadership.”
Dunelm further said: “John Browett will be stepping down as Chief Executive for personal reasons, with immediate effect.”
Precise information about the future plans of Browett was not immediately available.
Dunelm said: “John Browett will be stepping down as Chief Executive.”
Share price decline
The change follows a decline in the share price of Dunelm Group plc since February 2016.
Chaired by Andy Harrison
Dunelm Group plc is chaired by Andy Harrison.
On the job as CEO since 2016
John Browett joined Dunelm Group plc in July 2015 as Chief Executive Designate and officially took over the role of Chief Executive in January 2016.
Previous to joining Dunelm, Browett was CEO at the fashion retailer Monsoon Accessorize Ltd and before that Dixons Retail, with a stint in between at Apple Inc. as Head of Retail.
During his time at Dixons, he was responsible for major improvements in customer service, helping the business to shape its post-internet retail offering.
Prior to this he worked at Tesco plc in a number of roles, including CEO of Tesco.com and a group operational role where he focused on improving service and productivity.
Browett is also a Non- Executive Director of Octopus Investments and has a Degree in Natural Sciences from Cambridge University and an MBA degree from Wharton Business School.
Read the full story in the exechange report 36.2017 ($).