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Contenders for Debenhams top job near finishing line

The competition for the chief executive position at Debenhams is heating up, as Michael Sharp prepares to hand over the reins of the department store group.

Debenhams

Debenhams

Drapers understands the announcement for Sharp’s successor was originally planned for this week, but had to be pushed back a couple of weeks as a few candidates in the running for the role are based abroad.

Sources have indicated that Stuart Machin, managing director of Australian department store Target, and Alistair McGeorge, former chairman of New Look and ex-managing director of Woolworths business The Big W, also based in Australia, are both in talks with the retailer.

Among the UK-based prospective candidates are Mothercare CEO Mark Newton-Jones and former Karen Millen chief executive Mike Shearwood.

Sharp announced in October that he would step down from the business in 2016, after five years at the firm.

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