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Director Appointments

Debenhams updates on strategic developments

07 September 2017 13:57

Debenhams has announced that Suzanne Harlow, Group Trading Director, will step down from the Board on 20th October.

The Company said:

"The Group is going through a period of rapid transformation to deliver its new strategy, Debenhams Redesigned. In order to support the delivery of this strategy, the business is creating three new business units: Fashion and Home; Beauty and Beauty Services; and Food and Events. As a result of this the main board role of the Group Trading Director will no longer exist. Each business unit will be led by a member of the Executive Committee. Going forward, the Executive Committee will consist of the CEO, Sergio Bucher, and the CFO, Matt Smith, together with the following members: Ross Clemmow (Retail Director); Richard Cristofoli (Marketing Director); David Smith (International Director); Angela Morrison (Technology and Supply Chain Director) and Sally Hyndman (HR Director).

"A new Executive Committee member responsible for Fashion and Home is expected to be appointed in due course. In the interim period responsibility for this division will be taken by the CEO."

CEO Sergio Bucher commented:

"I would like to thank Suzanne personally for her support since my arrival at Debenhams in October last year. She has done an excellent job since she joined Debenhams in 1994 and over the last eight years as Group Trading Director has driven growth in categories such as Beauty, Accessories, Food and Gift. We have strengthened the management team over the last 12 months and now have a structure in place to support our ambition to become a leader in Social Shopping."

Sir Ian Cheshire, Chairman, commented:

"On behalf of the Board, I would like to thank Suzanne for her significant contribution to Debenhams over the last 23 years. She has proved herself a consummate professional and I personally would like to thank her particularly for her help and support to the business through the period of leadership transition. We wish her every success in the future."

At 1:57pm: (LON:DEB) Debenhams PLC share price was +0.63p at 42.13p

Story provided by StockMarketWire.com

Related Company: DEB

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