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Marks & Spencer will start searching for a new chief executive in September, paving the way
for Sir Stuart Rose, its executive chairman, to make an early exit next year.
The high-street retailer has been inundated with calls from headhunters keen to win the prestigious instruction to find Rose’s replacement. The City is convinced M&S will appoint an external candidate.
Justin King of Sainsbury, Andy Bond of Asda, Charles Wilson of Booker, Terry Duddy of Home Retail Group, Ben Gordon of Mothercare and Kate Swann of WH Smith have all been touted as possible runners but, given M&S’s overseas expansion ambitions, a wider field of international executives could be considered.
Sir David Michels, deputy chairman of M&S, is in charge of the search.
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