Reshuffle at M&S


Reshuffle at M&S

Marks and Spencer has announced a board reshuffle that will see
Sir Stuart Rose assume the position of executive chairman
effective June 2008, succeeding Lord Burns. Rose is committed to
staying with the company until 2011. In addition, Ian
Dyson becomes group finance and operations director, taking
on responsibility for HR and retail alongside his current
responsibilities of finance, IT, logistics, property and store
development with immediate effect. 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: Bostock
assumes responsibility for all clothing excluding the Per Una
brand. Esom will continue to be responsible for the food
division.

Amongst other changes, eCommerce head John Dixon is taking
additional responsibility for the home division and IT director
Darrell Stein is overseeing the logistics division as
well.

A statement from the company said the reorganisation comes as the
business seeks to “streamline” itself. Marks and
Spencer is facing a backlash from some shareholders over Rose’s
promotion. It is reported that senior M&S executives have met
with major shareholders in order to defend the shakeup.

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