DEBENHAMS chairman Terry Duddy is preparing to step down next month as the beleaguered department store's owners appoint a restructuring expert as its new chief executive, it will be announced today.
Retail veteran Duddy, who previously ran Argos and Homebase, will leave chief restructuring officer Stefaan Vansteenkiste in charge of the company, Sky News reported.
Vansteenkiste will replace Sergio Bucher who was ousted as chief executive after the group's lenders took control of the company.
His appointment comes after the company conducted a search for a new boss before deciding there was a need for continuity at the helm.
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