Debenhams executive chair Terry Duddy will step down next month as its owners prepare to appoint a new chief executive.
The embattled department store chain will name turnaround specialist Stefaan Vansteenkiste as its new boss later today, according to Sky News.
Vansteenkiste was drafted in by Debenhams in April to take on the role of chief restructuring officer but is poised to take the reins from Duddy next month.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.