Debenhams plc Directorate Change (8738L)

TIDMDEB

RNS Number : 8738L

Debenhams plc

14 January 2016

 
Appointment of Non-Executive Director 
 
 14(th) January 2016 
                                             DEBENHAMS PLC 
 
                                            BOARD APPOINTMENT 
    Debenhams plc announces that it has today appointed Sir Ian Cheshire as a non-executive director, 
       and Chairman-elect. Nigel Northridge, Chairman of Debenhams, has informed the board of his 
       intention to step down from the board in April 2016 following two terms of office. Sir Ian 
               will succeed Nigel Northridge as non-executive Chairman on 7th April 2016. 
                             Nigel Northridge, Chairman of Debenhams, said: 
        "We are delighted to welcome Ian to Debenhams. He has had a long and distinguished career 
    in retail and his experience and expertise will be a great addition to the board. I have enjoyed 
     my six years as Chairman, seeing the business come through a difficult period for the industry 
       in robust shape. Over the last year management's strategy has been delivering as evidenced 
      by our good full year results and strong Christmas trading. I am pleased that we have secured 
                             an exceptional candidate for the chairmanship." 
                                         Sir Ian Cheshire said: 
       "Debenhams is back in really great shape and I look forward to joining a very strong board 
        and working with the management team to maximise the many opportunities in the business." 
          There is no information to disclose under LR 9.6.13R pertaining to this appointment. 
                                         About Sir Ian Cheshire 
      Sir Ian Cheshire (56), previously CEO of Kingfisher plc, is currently the senior independent 
  director of Whitbread plc, the Chairman of Menhaden Capital plc and the Government Lead non-executive 
      and a non-executive board member of the Cabinet Office. He is also President of the Business 
       Disability Forum, Chair of the advisory board of the Cambridge Institute for Sustainability 
                 Leadership and was formerly Chairman of the British Retail Consortium. 
        Sir Ian retired as Group Chief Executive of Kingfisher plc in December 2014 after 7 years 
   in the role and 17 years with the company. During his tenure as Group Chief Executive, Kingfisher's 
   reported sales grew 23%, adjusted profit before tax doubled and Kingfisher's market capitalisation 
      increased by GBP3.8 billion (+112%), whilst at the same time GBP1.6 billion of financial net 
                                          debt was eliminated. 
                                                - Ends - 
                                                Enquiries 
                                         Analysts and Investors 
                                              Debenhams plc 
                      Katharine Wynne, Director of Investor Relations 020 3549 6304 
                                                  Media 
                                             Brunswick Group 
                                 Simon Sporborg, Jon Drage 020 7404 5959 
                                            Notes to editors 
      Debenhams is a leading international, multi-channel brand with a proud British heritage which 
       trades out of over 250 stores across 27 countries. Debenhams gives its customers around the 
  world a unique, differentiated and exclusive mix of own brands, international brands and concessions. 
       Debenhams has been investing in design for over 20 years through its exclusive Designers at 
       Debenhams portfolio of brands. Current designers include Abigail Ahern, Jeff Banks, Jasper 
    Conran, Giles Deacon, Sadie Frost and Jemima French, Patrick Grant, Henry Holland, Betty Jackson, 
        Stephen Jones , Ben de Lisi, Todd Lynn, Julien Macdonald, Savannah Miller, Jenny Packham, 
      Aliza Reger, John Rocha, Ashley Thomas, Justin Thornton and Thea Bragazzi, Eric Van Peterson 
                                         and Matthew Williamson.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 14, 2016 06:01 ET (11:01 GMT)

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