M&S changes board |
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| Tuesday, 11 March 2008 | |
 Marks&Spencer Group is looking to streamline the organisation to maximise its growth potential, and therefore announced a whole lot of changes to the board and management team. From 1st June 2008 Lord Burns will step down as Chairman. Sir Stuart Rose is appointed Executive
 Chairman from the same date, and has committed to stay with the Company until the AGM in July 2011, when he will retire. Sir David Michels is appointed Deputy Chairman from 1 June 2008. M&S intends to appoint an additional Non-Executive Director in due course. Ian Dyson will become Group Finance and Operations Director, taking on responsibility for Retail and HR, alongside his current responsibilities of Finance, IT, Logistics, Property and Store Development. Steve Sharp will continue as Executive Director, Marketing, with responsibility for Marketing, M&S Money and Store Design. Kate Bostock and Steven Esom are appointed to the Board. Kate Bostock will assume responsibility for all clothing ranges excluding per una. Steven Esom will continue to be responsible for Food. These appointments and Ian Dyson’s change of role take place with immediate effect.
Lord Burns said: “My main tasks as Chairman have been to rebuild the Board and to put in place the right leadership for the future. Since Stuart returned to M&S, the Company has made substantial progress. It is my view and the unanimous view of the Independent Directors, that placing Stuart in this new role creates the right leadership structure for the Company. Stuart has the unique skills to continue the challenge of making M&S a world class retailer, and to develop the future leaders of the business.” To complete the reorganisation of M&S, additional senior management changes have been made as well, plus a number of senior executives will be leaving the Company. Also, Keith Cameron, Director of HR, will be retiring in April 2008. His successor hasn’t been named as yet. Stuart McIvor, Director of Far East Sourcing will be retiring later this year and his role will be absorbed into that of the current Director of Sourcing, Nick Jones. Image: M&S |
