Department store chain Debenhams has announced the appointment of Sergio Bucher as its new chief executive officer.

Sergio, who will officially join the group in October 2016 from, replaces current chief executive Michael Sharp, who intends to step down on 24 June.

Sir Ian Cheshire, chairman, commented: “I am delighted to announce the appointment of Sergio Bucher as the next Chief Executive of Debenhams. Following a rigorous recruitment process with some exceptional quality candidates, Sergio’s wealth of e-commerce expertise, international experience and clear leadership qualities stood out.

“I am confident we have the best possible person to realise the potential of ‘new Debenhams’ as a leading international multi-channel retailer with a bright future.”

Sergio added: “I am excited to be joining Debenhams, with its strong UK heritage, a growing international presence and a track record of supporting and developing brands and designers. I look forward to working with its experienced and talented team to take Debenhams forward to an exciting new future.”