Retail in Asia

In People

DFI Retail Group names new CEO

DFI Retail Group Holdings Limited has announced the appointment of Scott Price to the role of group chief executive, effective August 1.

SEE ALSO: DFI Retail Group launches online shopping platform “yuu to me” in Hong Kong

Price succeed Ian McLeod, who has been at the helm of the Hong Kong-based company since 2017, will be stepping down from his role.

An experienced senior business executive with 25 years of international experience, including 19 years working in Asia, spanning the retail, logistics and consumer packaged goods sectors, Price was most recently the president, international at UPS, and before that the company’s chief strategy and transformation officer.

Prior to UPS, he was with Walmart, first as its CEO, Asia, and then as the EVP, global leverage, where he led global functions to drive synergies across Walmart’s four largest businesses – U.S., international, Sam’s Club and e-commerce.

Price was also president and CEO, at DHL Express in Europe and before that, the CEO, Asia Pacific. He started his career with the Coca Cola Company and held country business positions in various locations across Asia.

“I am delighted to welcome Scott to the Group. Scott has successfully led several large, multi-business organisations,” said Ben Keswick, chairman of DFI Retail Group.

“He has the combination of strategic, execution and Asia expertise to oversee our portfolio of leading retail businesses across the region, building on our solid foundations to create long-term value. I wish him every success as our new group chief executive.”

McLeod will remain with the group until the beginning of August to ensure a smooth transition of the business to Scott over the next few months.

“I would like to thank Ian for his six years as group chief executive. At DFI, Ian has led a comprehensive business transformation to strengthen our market leading positions, including with respect to customer and product propositions, core operating systems and processes, and supply chain,” added Keswick.

“With Ian’s leadership, DFI has responded to changing market needs for an integrated omnichannel customer experience with new store formats; the launch of Meadows, our wwn brand business with over 3,000 new items in three years; and via the launches of the yuu Rewards loyalty program in Hong Kong and Singapore – which now has four million members in Hong Kong alone – and yuu-to-me, a one-stop online shopping experience in Hong Kong.”

DFI Retail Group is a leading pan-Asian retailer that operates under a number of well-known brands including Guardian, Mannings, Wellcome Fresh and Maxim’s across food, health and beauty, home furnishings, restaurants and other retailing.