British retailer Ted Baker has roped in industry veteran Rachel Osborn to be the Chief of Finance after she held the same position at department store chain Debenhams for a year.
She has agreed to join the organisation at a date to be agreed on within the next few months, the company said in a statement.
Rachel’s departure was announced by Debenhams, stating that the current Group Finance Director Mike Hazell, whose association is a decade old with the company, would step up to the role.
The veteran who has nearly two decades of experience in the industry, is leaving at a time the group is going through a restructuring under company voluntary arrangement.
Ray Kelvin stepped down as CEO of Ted Baker in March after allegations that he presided over a culture of ‘forced hugging’.
Lindsay Page, who since took over, has been making efforts to overhaul the company and expand to markets like China. This new appointment is also part of the turnaround efforts.
Ted Baker clocked its first slump in annual profit since the 2008 financial crisis in March this year. In April, administrators were appointed to assist Debenhams through its restructuring.