LONDON (Alliance News) - Department store chain Debenhams PLC has held talks with former Kingfisher PLC Chief Executive Ian Cheshire about joining its board, the Financial Times reported.
Michael Sharp, Debenhams' current chief executive, announced he would be stepping down this year back in October and his departure may be followed by that of Chairman Nigel Northridge, according to a source with knowledge of the situation, the FT said.
The source said Debenhams had held talks with Cheshire, who left the B&Q owner last year, but that no agreement had been reached, and there remained uncertainty about whether he would join in an executive or non-executive capacity.
https://next.ft.com/content/08feb9f6-b21d-11e5-8358-9a82b43f6b2f
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Kingfisher (KGF)