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Marks and Spencer appoints Steve Rowe as new CEO
07
Jan '16
Marks and Spencer Group plc, a leading British multi-national retailer, has appointed Steve Rowe, executive director of general merchandise, as the new CEO of the company.

He will succeed Marc Bolland, who will retire on April 2, 2016. Marc will then remain available to Steve and the Board to assist in the transition until June 30, 2016.

Steve Rowe has been with Marks and Spencer Group plc for over 25 years and been a Board Member since 2012. Before joining the Board, Steve worked in a range of senior positions across the business including director of retail and ecommerce and various positions in General Merchandise. In 2012, he was appointed by Marc Bolland to the executive team as executive director, food and was appointed to the Board of Marks and Spencer Group plc. In July 2015, Steve Rowe was appointed executive director, general merchandise with a mandate to improve the overall performance of that business, building on the improved design and sourcing capabilities, according to a press release.

Robert Swannell, Marks and Spencer Group plc chairman said, “Over the last six years Marc Bolland has led Marks and Spencer through a period of necessary change. I am delighted that, after the most rigorous succession planning, Marc will be succeeded by Steve Rowe. Steve has a deep knowledge of Marks and Spencer and a proven track record of delivering results in key parts of the business.” (GK)

Fibre2fashion News Desk - India

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