DFS Group names Michael Schriver to succeed Mark Daley as President, Worldwide Store Operations – 07/02/08

INTERNATIONAL. DFS Group Limited today announced that Michael Schriver has been named President, Worldwide Store Operations, effective immediately. In his new position, Schriver will oversee daily operations of all DFS retail locations around the world.

Michael Schriver (left) takes over the key post of President, Worldwide Store Operations from one of DFS Group’s longest-serving executives, Mark Daley


He succeeds one of the group’s longest-serving executives Mark Daley, who is leaving DFS after 22 years to become CEO of speciality retailer Dean & DeLuca in the US.

Schriver will also remain in his current role as President, Merchandising until a successor for that role is named. DFS has commenced a global search for a new President of Merchandising and expects to fill the position in the first half of 2008.

Schriver joined DFS in 1998 as Vice President, General Merchandise Manager of the company’s Hawaii division. He moved to San Francisco later that year to become Senior Vice President of Planning and Distribution. In 2001 he was named Executive Vice President, Merchandising.

He assumed the role of President of Merchandising in 2002. Prior to joining DFS, Schriver spent 20 years at leading US department store company Macy’s. He will be relocating to Hong Kong later this year.

DFS Group Chairman and Chief Executive Officer Ed Brennan said: “Since joining DFS, Michael Schriver has played a critical role in the continued growth and success of the company. Under his leadership, the merchandising organisation has become stronger and even more focused on providing outstanding quality and value to our discerning customers. I look forward to seeing what he will accomplish as he applies his considerable retail experience and management skills to his new operational role.”

Ed Brennan: “Michael Schriver has played a critical role in the continued growth and success of the company”


Brennan also paid tribute to Mark Daley’s contribution, commenting: “Mark Daley began his career at DFS as an assistant buyer in Alaska and progressed through various positions, becoming President of our Oceania Region in 2000, President of DFS Asia in 2002, and President of Worldwide Store Operations and Business Development in 2006. We appreciate his many contributions over a distinguished career with DFS and wish him well in his new endeavour.”

Christian Strang, Senior Vice President, Business Development, will now report to Ed Brennan.

Dean & DeLuca Chairman Leslie Rudd expressed his delight at Daley’s appontment. “We are extremely pleased to bring Mark on board,” he said. “His experience in managing highly successful luxury retail organisations will be a key component in the continued growth of the Dean & DeLuca brand through all of our retail channels, to include our markets and cafes, as well as our catalog and website businesses.”

Founded in 1977 by Joel Dean, Giorgio DeLuca and Jack Ceglic with the opening of its flagship store in SoHo, New York, Dean & DeLuca has grown into a multi-channel retailer of gourmet and specialty foods, premium wines and high-end kitchenware with operations throughout the US and overseas.

ABOUT DFS GROUP

DFS Group Limited is one of the world’s leading luxury retailers, operating more than 150 shops at major airports in the Asia-Pacific region and North America.

The company also operates 14 luxury DFS Galleria stores in 14 key locations. DFS Group Limited is based in Hong Kong and owned by LVMH Moet Hennessy Louis Vuitton, the world’s leading luxury product group, and companies associated with one of DFS Group’s founders, Robert Miller.

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