Debenhams plc held its annual general meeting for shareholders on 10 January 2019. Following AGM, at a board meeting, Sir Ian Cheshire informed the company of his decision to step down from the board and this will take place with immediate effect. Sir Ian joined the board in January 2016 and was appointed Chairman in April 2016. Given the decision of two major shareholders who voted against his re-election to the board, Sir Ian has concluded it is no longer possible for him to remain Chairman of Debenhams plc. Additionally, following shareholder vote, Sergio Bucher was not re-elected to the board of Debenhams plc principally as a result of the votes of the same two major shareholders.