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Marks & Spencer appoints Lord Burns as Chairman

23 May '05

2 min read

uk's leading retailer marks and spencer group plc announced lord burns will be joining the board as deputy chairman with effect from 1 october 2005 and will become chairman from the agm, in july 2006. marks & spencer chairman, paul myners will step aside from the board at the agm in 2006, as he will no longer be considered independent as a director under the combined code.

paul myners said: "i am delighted that terry burns will be joining the board and that he will succeed me as chairman of the company. i look forward to working with him."

terry burns said: "marks & spencer is a company with a great brand and a strong heritage. i am very pleased to be joining the board at this important time."

terry burns is chairman of abbey national and glas cymru (welsh water), and is a non-executive director of banco santander central hispano, pearson group and british land.

m&s is uk's leading retailers of clothing, food, home products and financial services. 10 million people shop with us each week in over 375 stores. in addition we have 155 stores managed under franchise in 28 territories mostly in europe, the middle east, asia and the far east, stores in the republic of ireland, nine wholly owned stores in hong kong and we own the us supermarket group, kings super markets.

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