The appointment will be effective on September 17.
Rachel Osborne has been appointed as Debenhams’ new finance chief, following her resignation from Domino’s UK.
Osborne will reportedly have a basic salary of £439,000 a month and will even have a chance to have it doubled upon reaching performance criteria.
“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,” Osborne said.
Osborne will be replacing Matt Smith, took the position of Selfridges’ finance director last April.
(Photo credit: Debenhams website)
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