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Debenhams appoints former B&Q boss

Published: 29 August 2018 - Jenny Wonnacott

Department store Debenhams has appointed former B&Q head of commercial finance Rachel Osborne as its new chief financial officer.

Rachel Osborne will become Debenhams
Rachel Osborne will become Debenhams' new CFO this autumn

As well as B&Q, Ms Osborne has also worked for John Lewis as well as Domino's Pizza. She will take up her new position at Debenhams on September 17, 2018. She also holds an external directorship at Dunelm Plc.

Her predecessor Matt Smith will depart his role on August 31. Debenhams ceo Sergio Bucher 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."

Ms Osborne added: “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."

Debenhams has disclosed that Ms Osborne's basic starting salary will be £439,000, with the maximum level of variable remuneration set at 200%.

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