Our board


Ian Durant

Non-Executive Chair

Ian joined DFS as Non-Executive Chair in May 2017 and has over 35 years' experience in retail and logistics.  He is currently also Non-Executive Chair at Greggs plc.

As a chartered accountant, Ian has held senior executive financial positions at a broad range of listed companies, with notable roles including Finance Director at Liberty International plc and Group Finance Director at Thistle Hotels, Hong Kong Land and Dairy Farm International.

He has also held non-executive directorships of a number of UK listed companies.  These include Capital and Counties Properties where he was Chair of the Board, Home Retail Group, where he was Chair of the Audit and Risk Committee, Greene King, where he was Chair of the Audit Committee and Senior Independent Director and Westbury, where he chaired the Audit Committee.


Tim Stacey

Group Chief Executive Officer

Tim Stacey, CEO of the DFS Group, joined DFS in July 2011, prior to becoming the Group CEO he held a number of key leadership roles across the business.

Tim has a wealth of leadership and retail experience, including 12 years at Alliance Boots in roles such as Multi-Channel Director for Boots.com and Director for Online and Business Development.

Tim has a BA(Hons) in Accounting and Finance from Nottingham Trent University and is a member of the Institute of Chartered Accountants of England and Wales.


Mike Schmidt

Group Chief Financial Officer

Mike is the Group's CFO and leads the finance function, the Group's property activities, long-term strategic development programme. 

Prior to joining DFS, Mike previously spent 13 years in corporate finance roles at leading investment banks including Citi and also UBS, where he gained experience advising a wide range of customer focused companies. 

Mike has a MA (Hons) in Economics and Management from Cambridge University and a CIMA Certificate in Business Accounting.


Alison Hutchinson

Senior Independent Director

Alison Hutchinson joined DFS as an Independent Non-Executive Director in May 2018, and currently serves as the Senior Independent Non-Executive Directors.

Alison has a strong background in both IT and retail financial services, having started her career at IBM where she became Global Director of Online Financial Services. In 2000, Alison joined Barclays Bank where she held senior management positions including Marketing Director of Barclaycard before moving to specialist mortgage provider Kensington Group in 2004, where she was Managing Director and then Group CEO, leading the successful sale of the business to Investec in 2008. In 2016, she was awarded a CBE for services to the economy and charities.

Alison is currently Chief Executive of Fintech charity The Pennies Foundation (which she founded in 2009) working with retailers to enable digital giving, a non-executive Director of LV= and Yorkshire Building Society and, until the end of 2017, was a non-executive director of Aviva Life, GI & Health UK. Alison has a BSc in Technology & Business Studies from Strathclyde University.


Jane Bednall

Independent Non-Executive Director

Jane Bednall joined DFS in January 2020 as an Independent Non-Executive Director. She is also currently a Non-Executive Director of the UK’s largest pub company EI Group.

Jane has a strong marketing and commercial background in customer facing FTSE 50 companies.  Most recently, Jane served as Chief Marketing Officer for Scottish and Southern Energy (SSE) plc and prior to that in global senior leadership positions with InterContinental Hotels Group, British Airways and Centrica.

Elected by the Energy Industry, Jane also served for two years as Non-Executive Director of Smart Energy GB.


Jo Boydell

Independent Non Executive Director

Jo Boydell joined DFS in December 2018 as an Independent Non-Executive Director. and was appointed Chair of the Audit Committee in April 2019.

Jo has been the Chief Financial Officer of Travelodge Limited since 2013. Prior to that, Jo held senior finance roles across a number of consumer-facing companies including Mothercare, Jessops, Ladbrokes, Hilton Group and EMI Group. She is a Chartered accountant.


Steve Johnson

Independent Non-Executive Director

Steve Johnson joined DFS in December 2018 as an Independent Non-Executive Director. He is currently a non-executive Director of Big Yellow plc and the Senior Independent Director of Lenta Limited and chairs our Remuneration Committee.

Steve has over 20 years experience in the retail sector, having held senior executive roles with a number of retailers including Poundworld, Focus Wickes DIY Group and Woolworths. Prior to these roles, he spent 8 years at Asda having originally started his career in management consultancy with Bain & Co.


Loraine Martins OBE

Independent Non-Executive Director

Loraine joined DFS in June 2021 as an Independent Non-Executive Director. She is currently also the Director of Diversity and Inclusion at Network Rail, which is responsible for the UK’s rail infrastructure.

In 2021 Loraine was awarded the OBE for her work on diversity and inclusion at Network Rail.  Prior to that, Loraine was responsible for Jobs & Skills and Equality & Inclusion in the construction of the Queen Elizabeth Olympic Park for the London 2012 Olympic Games, for which she was awarded an MBE.


Liz McDonald

General Counsel & Company Secretary

Liz joined DFS in 2018. She is a lawyer by profession and has held the position of  General Counsel & Company Secretary for a number of both public and private companies.

Her previous employers include Integrated Dental Holdings Limited, Peel Airports Group, KCOM Group PLC and Yorkshire Electricity.