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Robert Swannell as new Chairman of Marks and Spencer
27 Aug '10
2 min read
Marks and Spencer Group plc (M&S) announces the appointment of Robert Swannell to its Board. Robert, 59, will join the Board on 4 October 2010 as a Non-Executive Director prior to taking up his position as Chairman on 4 January 2011.
Sir Stuart Rose will continue as Chairman until that date, in order to ensure a smooth transition, and will then step down from the Board and leave M&S.
Robert Swannell brings considerable City experience having spent over 30 years in investment banking with Schroders/Citigroup. He was formerly Vice-Chairman Citi Europe and Co-Chairman of Citi's European Investment Bank.
More recently Robert has built up wide Board experience. He is currently Chairman of HMV Group plc; Senior Independent Director of The British Land Company PLC, which he joined in 1999; and Senior Independent Non-Executive Director of 3i Group plc.
Sir Stuart Rose, M&S Chairman, said: “I am delighted that Robert is to be M&S' next Chairman. His appointment completes our succession plan and enables us to revert to standard governance practice. His considerable experience of both the City and the commercial world will be a real asset to the Board and the business.”
Robert Swannell said: “It is a privilege to be asked to Chair one of the world's greatest brands. I look forward to joining the M&S team and working with my new colleagues on the Board.”
Marc Bolland, M&S Chief Executive said: “Robert will be an excellent Chairman for us. He has strong complementary skills and I am very much looking forward to working with him.”
Sir David Michels, M&S Deputy Chairman, said: “On behalf of everyone at M&S I would like to welcome Robert to his new role. I would also like to take this opportunity to thank Stuart for his contribution and commitment to the company over the last six and a half years and wish him well for the future.”
Sir Stuart Rose will continue as Chairman until that date, in order to ensure a smooth transition, and will then step down from the Board and leave M&S.
Robert Swannell brings considerable City experience having spent over 30 years in investment banking with Schroders/Citigroup. He was formerly Vice-Chairman Citi Europe and Co-Chairman of Citi's European Investment Bank.
More recently Robert has built up wide Board experience. He is currently Chairman of HMV Group plc; Senior Independent Director of The British Land Company PLC, which he joined in 1999; and Senior Independent Non-Executive Director of 3i Group plc.
Sir Stuart Rose, M&S Chairman, said: “I am delighted that Robert is to be M&S' next Chairman. His appointment completes our succession plan and enables us to revert to standard governance practice. His considerable experience of both the City and the commercial world will be a real asset to the Board and the business.”
Robert Swannell said: “It is a privilege to be asked to Chair one of the world's greatest brands. I look forward to joining the M&S team and working with my new colleagues on the Board.”
Marc Bolland, M&S Chief Executive said: “Robert will be an excellent Chairman for us. He has strong complementary skills and I am very much looking forward to working with him.”
Sir David Michels, M&S Deputy Chairman, said: “On behalf of everyone at M&S I would like to welcome Robert to his new role. I would also like to take this opportunity to thank Stuart for his contribution and commitment to the company over the last six and a half years and wish him well for the future.”
Marks and Spencer Group plc
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