Debenhams appoints Simon Herrick as CFO
Current FD Chris Woodhouse to step down to pursue his other business interests
By CFOWorld.co.uk | CFO UK | Published 11:37, 21 October 11
Debenhams has appointed Simon Herrick as its next finance chief after Chris Woodhouse made clear his intention to move on and pursue his other business interests.
Herrick will join the board of directors at the department store group and take up his post as CFO on 10 January. He worked until recently as group FD at Northern Foods and as finance chief at Kesa Electricals between 2005 and 2009.
Woodhouse will officially resign at an AGM on 10 January and will depart entirely on 27 January. His business interests beyond Debenhams include serving as chairman of the restaurant-running Gondola Group and the fashion house Agent Provocatuer.
“Chris Woodhouse has played a significant role in the development of Debenhams over the past eight years. The board and all his colleagues thank him for his contribution and wish him every success in the future,” said Debenhams CEO Michael Sharp in a statement.
“At the same time we are delighted that Simon Herrick will be joining us. Simon has strong financial experience gained in a range of companies and business environments. His skills and experience will be a great asset to Debenhams.”
Sharp said last month that his group was “well positioned to be one of the winners” as economic headwinds battered the British high street. Sales across the group were up 2.9 percent in the year to 27 August.
Share:Facebook Twitter Google Plus Stumble Upon Reddit Share This Email this article
Vince Cable moots women-only shortlists just ahead of international women’s daymore ..
Richard Pennycook, former CFO of WM Morrisons, becomes interim CEOmore ..
Grants vest on April 1 of 2016, 2017 and 2018 if the men remain with the companymore ..
Google boasts a market value in excess of £230 billionmore ..
There are so many established truths it can seem heretical to challenge themmore ..
With the recovery taking firmer root, stress should be subsiding, but the reality doesn't always match upmore ..