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Debenhams CFO Osborne stepping down
26th Sep 2019 11:40
(Sharecast News) - Struggling department store chain Debenhams has announced the departure of chief financial officer Rachel Osborne after a year in the job.
Osborne, who is stepping down to take an external role, will be succeeded by current finance director Mike Hazell following a handover period. Hazell has been at the company since 2010 and previously held finance roles at Sky and Pfizer.
Chief executive officer Stefaan Vansteenkiste said: "I am pleased that we have such a strong internal candidate for the CFO role, with Mike having played a key part in the refinancing and restructuring activity over the past 12 months.
"I look forward to working with him and the rest of the leadership team on delivering our turnaround plan."
Osborne, who is stepping down to take an external role, will be succeeded by current finance director Mike Hazell following a handover period. Hazell has been at the company since 2010 and previously held finance roles at Sky and Pfizer.
Chief executive officer Stefaan Vansteenkiste said: "I am pleased that we have such a strong internal candidate for the CFO role, with Mike having played a key part in the refinancing and restructuring activity over the past 12 months.
"I look forward to working with him and the rest of the leadership team on delivering our turnaround plan."