Debenhams welcomes it‘s fourth female board member Nicky Kinnaird as a non-executive director.
Kinnaird joins the department store from cosmetics retailer Space NK which she founded and sold in 2014.
The department store has stated their intention to focus on their beauty sector, aiming to grow its sales until it accounts for a fifth of its overall revenue. Kinnaird will be part of this push to expand the beauty sector.
“We are very pleased that Nicky is joining the board. She brings a wealth of experience and understanding in brand development and the global beauty industry,” Debenhams chairman Sir Ian Cheshire said.
READ MORE: Debenhams appoints Lisa Myers to board
“Her knowledge and expertise will be invaluable as Debenhams embarks on the next stage of its development under new leadership.”
This is the latest in a string of appointments following Cheshire‘s plan to restructure the senior management of the business. Last month Sergio Bucher joined from Amazon, and in September Lisa Myers was welcomed to the board.
Debenhams have seen some financial struggles in recent months, promting a downgrade from Morgan Stanley and reducing the price per share from 95p to 70p.
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