Debenhams : Appointment of Sergio Bucher as new CEO

DEBENHAMS PLC

Debenhams announces appointment of Sergio Bucher as new CEO

Debenhams plc today announces the appointment of Sergio Bucher as Chief Executive Officer. Sergio will join the group in October 2016, from Amazon.com, Inc. where he has served as Vice President, Amazon Fashion Europe, since 2013, leading Amazon Fashion's growth to become one of the largest fashion retailers in Europe. Previously he was General Manager, Retail and e-commerce Worldwide, at Puma, and prior to that held retail roles at Nike and Inditex, where he led the start-up of its lingerie retail brand Oysho.

Michael Sharp, Chief Executive, will step down from the Board on 24 June 2016, with leaving arrangements as previously announced.

Sir Ian Cheshire, Chairman, commented:

'I am delighted to announce the appointment of Sergio Bucher as the next Chief Executive of Debenhams. Following a rigorous recruitment process with some exceptional quality candidates, Sergio's wealth of e-commerce expertise, international experience and clear leadership qualities stood out. I am confident we have the best possible person to realise the potential of 'new Debenhams' as a leading international multi-channel retailer with a bright future.'

Sergio Bucher commented:

'I am excited to be joining Debenhams, with its strong UK heritage, a growing international presence and a track record of supporting and developing brands and designers. I look forward to working with its experienced and talented team to take Debenhams forward to an exciting new future.'

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Enquiries

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Katharine Wynne 020 3549 6304

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Notes to editors

Debenhams is a leading international, multi-channel brand with a proud British heritage which trades from 253 stores across 27 countries. Debenhams gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions.

Sergio Bucher's CV:

Amazon 2013-date

Vice President, Fashion Europe

Puma 2009-2013

General Manager, Europe

General Manager, Global Retail

Nike 2004-2008

General Manager, Nike Retail EMEA

Retail Director, Spain and Portugal