Debenhams CEO's pay plummets 85% to £684k

Debenhams reports show CEO Finley received £684,000 for the year, an 85% cut from the prior period. The package broke down to a £650,000 base salary, £1,557 in benefits and £32,500 in pension contributions, with no annual bonus after executives waived entitlement despite meeting performance criteria. Finley was appointed group CEO in November 2024, succeeding John Lyttle, as Debenhams moves toward a marketplace‑led digital model. Other executive directors also saw lower total remuneration, including co‑founder and director Carol Kane (£537,587) and CFO Phil Ellis (£313,326).