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Directorate Change - Change in Responsibilities

12 May 2016 11:57

RNS Number : 0769Y
Marks & Spencer Group PLC
12 May 2016
 

 

 

 

Issued: 12 May 2016

Marks & Spencer Announces Changes to Board Responsibilities

and a New Management Structure

 

Marks & Spencer today announces a series of changes designed to simplify its management structure in order to drive speedier decision making and move the business closer to its customers.

 

As part of this there have been some changes to responsibilities of the Executive Directors.

 

Patrick Bousquet-Chavanne becomes Executive Director of Customer, Marketing & M&S.com, and assumes new responsibilities for M&S.com and Plan A. Consequently, the International business now reports to the CEO, Steve Rowe.

 

Helen Weir, Chief Finance Officer, assumes responsibility for Strategy Implementation.

 

As already stated, Laura Wade-Gery will be on maternity leave until September. We look forward to welcoming her back and will update on her responsibilities on her return.

 

Operating Committee

M&S is also establishing a new Operating Committee that will be accountable for the day-to-day running of the business as well as for the development and execution of strategy.

 

On the Operating Committee, the Executive Directors will be joined by the Directors of Food (Andy Adcock); Womenswear Lingerie & Beauty (Jo Jenkins); Retail (Sacha Berendji); International (Paul Friston); Communications & Investor Relations (Dominic Fry); Human Resources (Simmone Haywood); and the Group Secretary & Head of Corporate Governance (Amanda Mellor).

 

Steve Rowe, M&S CEO, said: "On my first day as CEO, I committed to putting M&S customers at the heart of everything we do. These changes reflect this; a simpler management structure with a smaller, more focused team running M&S will lead to more efficient decision making and move us closer to our customers.

 

"The new Operating Committee will be working together to improve M&S, starting with fixing our Clothing & Home offer for our customers, our employees and our shareholders."

 

- Ends -

 

For further information, please contact:

Corporate Press Office: +44 (0)20 8718 1919

Out of hours calls: +44 (0)20 8718 2000

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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