Ashley Leads Coup to Oust Debenhams Chairman, CEO From Board

Published: 11/01/2019
Ashley Leads Coup to Oust Debenhams Chairman, CEO From Board
Source: FINANCE.YAHOO.COM

Chairman Ian Cheshire said he’d step down after more than half of shareholders at the annual general meeting Thursday voted not to re-elect him. Investors also opposed Chief Executive Officer Sergio Bucher’s continuation as a director, though he’ll remain in the management role.

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