Debenhams’ chairman, John Lovering, is to retire from the board on 31 March 2010.
The department store chain confirmed that the search for Lovering’s successor is underway and that a further announcement will be made in due course.
Lovering said: “I am proud of what Debenhams has achieved over the last six years whilst I have served as chairman.
“Debenhams is a well-managed, properly financed company with a clear and successful strategy and a number of exciting development opportunities.
“I hope my successor enjoys the role as much as I have.”
Rob Templeman, chief executive of Debenhams, said: “The board would like to thank John for his contribution to the business and wise counsel over the years.
“He has been a real asset to the business in his role as chairman.
“We wish him all the best in the future and he leaves Debenhams and its shareholders looking to the future with confidence.
“We have a wealth of talent on our board which has been strengthened with new non-executive appointments in recent months.”
