Published on : Tuesday, August 13, 2019
An experienced turnaround expert at professional services firm, Alvarez & Marsal, Stefaan is an experienced CEO and retail operator, having worked with the likes of lntertoys, Vion Food Group, Diam International and Bally Shoes, and, before that, holding senior management roles at theme parks Six Flags and Taco Bell.
Debenhams’ group chairman Terry Duddy will work with Stefaan to ensure an orderly handover and then step down from the board in September.
Stefaan adds: “The retail industry faces a challenging environment and everyone at Debenhams acknowledges that. But we have a clear plan and Debenhams has a great team of people who are committed to delivering it. I am very excited about Debenhams’ strong prospects and with a restructured balance sheet there is a robust platform from which to build a turnaround, based on Debenhams’ clear brand focus, broad customer reach and differentiated product offer.”
Source: furniture news