DEBENHAMS HIRES FINANCE CHIEF ON £1.4m

DEBENHAMS has appointed Rachel Osborne as chief financial officer just months after she abruptly quit her job at Domino’s Pizza.

Osborne, 53, will join in September, earning as much as £1.4m a year, as the struggling department store desperately tries to turn itself around. Osborne left Domino’s in June in a surprise move after less than two years. At Debenhams, she will be paid a salary of £439,000.

She could pick up another £878,000 in bonuses and other awards.

And she will get a pension provision worth 15pc of her basic salary, or £65,850, a car allowance of £17,850 and private medical insurance.