26th Sep 2019 11:47
(Alliance News) - Debenhams Retail Ltd finance chief Rachel Osborne will be joining men's fashion brand Ted Baker PLC as chief financial officer, Ted Baker said Thursday.
Ted Baker said Osborne will join the company at an as-of-yet undecided date "within the next few months".
She has been finance head at Debenhams Retail, the main trading unit of the insolvent department store chain, since September 2018, and is also a former CFO at Domino's Pizza Group PLC and finance & strategy director at John Lewis.
Executive Chair David Bernstein said: "Rachel's career to date makes her a great fit for the board and we are delighted to welcome her to Ted Baker. As our strategy to grow the business continues, Rachel's experience of working in the challenging retail environment we currently face will be highly valuable.
"We look forward to leveraging her significant brand and retail experience and expertise moving forward."
Ted Baker shares were up 1.7% on Thursday shortly before midday in London at 933.50 pence each.
By George Collard; [email protected]
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