REG - DFI Retail Group - Directorate Change

DFI Retail groupAnnouncement

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RNS Number : 1820U  DFI Retail Group Holdings Ltd  24 February 2026

DFI RETAIL GROUP HOLDINGS LIMITED

 

DIRECTORATE

 

DFI Retail Group Holdings Limited ('DFI' or the 'Group') is pleased to
announce the appointment of Achal Agarwal to its Board as an Independent
Non-Executive Director, effective 2 March 2026. Achal will also join the Audit
Committee with effect from the same date.

 

Achal is a seasoned global business leader with over 40 years of experience in
multinational consumer goods and corporate transformation. He has held senior
executive positions at Kimberly-Clark Corporation, including President of Asia
Pacific, and Global Chief Strategy & Transformation Officer. He previously
led major business units for PepsiCo across Greater China and India.

 

Achal also brings extensive board and advisory experience. He currently serves
as an independent non-executive director of Amcor PLC and as chair of AVPN.
Achal was also a non-executive director of SATS Ltd and chairman of World Wide
Fund for Nature (WWF), Singapore. He acted as a Luminary Senior Advisor to
Accenture, and serves on the Sustainability Advisory Panel of Sentosa. His
deep regional expertise, strategic insight, and strong track record in
transformation and governance make him a highly valuable addition to the
Board.

 

Achal holds a bachelor's degree (Hons) in History and an MBA in Management
Studies, both from the University of Delhi, as well as an Advanced Management
Programme certification from The Wharton School, University of Pennsylvania.

 

Lincoln Pan, Chairman of the Group, said, "We are delighted to welcome Achal
to the DFI Board. His extensive leadership experience across Asia, coupled
with a strong track record in driving strategic transformation for global
consumer businesses and developing talented senior executives, will bring
valuable perspectives to the Group. Achal's broad board and advisory
experience further strengthen our governance capabilities, and we look forward
to the insight and guidance he will contribute to our Board."

 

Scott Price, Group CEO of the Group, added, "Achal's deep understanding of
consumer markets, coupled with decades of hands-on leadership experience
across Asia, will be invaluable as we continue to strengthen the Group's
strategic focus and operational discipline. I look forward to working closely
with him as we drive sustainable growth and enhance long-term value for all
our stakeholders."

 

Achal Agarwal said, "I am honoured to join the DFI Board and look forward to
contributing to the Group's continued transformation and growth. It is a
privilege to work alongside the Board and management team to help advance
DFI's long-term ambitions."

 

In connection with the above appointment, Achal Agarwal has held directorship
in the following listed companies in the past five years:

 

 SATS Limited  Non-executive Director  Resigned in July 2025
 Amcor Plc     Non-executive Director  Since November 2021

 

 

Sean Ward

Company Secretary
DFI Retail Group Holdings Limited

 

24 February 2026

 

www.DFIretailgroup.com

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