Nice appointment22 Aug 2018 08:36
Debenhams plc Appointment of Chief Financial Officer
Source: UK Regulatory (RNS & others)
TIDMDEB
RNS Number : 4808Y
Debenhams plc
22 August 2018
Appointment of Chief Financial Officer
22 August 2018
DEBENHAMS PLC
BOARD APPOINTMENT
Debenhams plc announces that it has today appointed Rachel Osborne as Chief Financial Officer.
Rachel was formerly CFO of Domino's Pizza Group plc and has a strong retail background with
previous roles at both John Lewis plc and Kingfisher plc. She will join Debenhams on 17 September
2018.
Her predecessor, Matt Smith, informed the board of his intention to leave Debenhams plc on
19 April 2018 and will leave the Group on 31 August 2018.
Sergio Bucher, CEO of Debenhams, said:
"I am looking forward to working with Rachel. She has deep experience across a variety of
retail and customer-facing businesses and her commercial expertise will be invaluable as we
build a strong financial foundation to underpin the transformation of Debenhams."
Rachel Osborne said:
"I am delighted to be joining Debenhams. This is a challenging time for UK retail but Debenhams
has a strong heritage, leading market positions and a credible plan for its future. I look
forward to being part of the team delivering the transformation."
- Ends -
Enquiries
Analysts and Investors
Debenhams plc
Katharine Wynne, Director of Investor Relations 020 3549 6304
Media
Brunswick Group
Tim Danaher, Helen Smith 020 7404 5959
Statutory and Other Disclosures
Rachel Osborne was previously a Director of Domino's Pizza Group plc and is currently a non-
executive director of Dunelm Group plc. There are no details to disclose in respect of paragraph
9.6.13 R(2)to(6) of the Listing Rules.
Rachel Osborne's service contract remuneration and benefits on appointment will be consistent
with the Debenhams Directors' Remuneration Policy approved by shareholders at the Annual General
Meeting held on 11(th) January 2018. The summary of the key terms is provided here and further
detail will be set out in the Company's first Remuneration Report following her appointment.
Her basic salary will be GBP439,000. Her maximum level of variable remuneration will be 200%
of basic salary. She will participate in the Debenhams Executive Directors' Bonus Sc