Steve Rowe will step down as chief government of Marks & Spencer in Could after six years within the job, with the British retailer choosing continuity by selecting two of his senior lieutenants as his successor.
Rowe, who joined M&S on the age of 15 earlier than rising by the ranks, will step down after the meals and clothes retailer studies annual outcomes on Could 25.
After a turbulent tenure in probably the most excessive profile jobs in British enterprise he’ll exit as hopes are rising that one of many nation’s most elusive turnarounds might lastly materialise after greater than a decade of false dawns.
By James Davey
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British retailer Marks & Spencer (M&S) nudged up its revenue outlook after it reported a powerful Christmas efficiency, significantly in meals, the place it outperformed the market.