Thursday, October 23, 2025
spot_img

Marks & Spencer CEO to step down on May 25

spot_img
- Advertisement -

Marks & Spencer, a multinational retailer has announced that its CEO, Steve Rowe, will step down from his role on May 25 this year.

He will be replaced by M&S Food Director and Chief Operating Officer (COO) Stuart Machin, and Katie Bickerstaffe, who is currently joint COO will become Co-CEO.

Rowe, who joined M&S at the age of 15 before rising through the ranks, will step down after the food and clothing retailer reports annual results on May 25.

However, he has agreed to remain as an adviser to the new leadership for up to twelve months.

M&S said in a statement that the current joint chief operating officers, Stuart Machin and Katie Bickerstaffe, will take over Row’s responsibilities in an unconventional structure. Machin will become CEO and will take on responsibility for the day-to-day leadership of the business and the executive committee.

He will continue to have oversight of his current portfolio of responsibilities, which includes the leadership of M&S’s food business, as well as operations, property, store development, and technology. He will take on responsibility for human resources and corporate communications.

Bickerstaffe will become Co-CEO with a particular focus on driving M&S’ strategy of selling across multiple platforms.

She will retain her existing portfolio including responsibility for clothing and home, MS2- International Business and Financial Services. Both Machin and Bickerstaffe will join M&S’s PLC board on May 25.

Rowe will cease full-time employment after M&S’s annual shareholders’ meeting on July 5 but remain an adviser for up to a year.

Marks and Spencer Group plc is a major British multinational retailer with headquarters in London, England, that specializes in selling clothing, home products, and food products.

M&S opened its first store in India in 2001 and in April 2008 signed a Joint Venture with Reliance Retail to form Marks & Spencer Reliance India Pvt Ltd.  It now has 36 stores located in Delhi, Gurgaon, Noida, Amritsar, Mumbai, Pune, Kolkata, Bangalore, Chennai, Kerala, and Hyderabad.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Shiva Ayyadurai applies for Twitter CEO, asked Musk to select him

Indian-origin Shiva Ayyadurai has applied for the position of CEO...

Govt announces interest-free festival advance to employees

Government announces Rs 10,000 interest-free festival advance to employees The...

L&T is hiring for thousands of roles; explore job opportunities here

An Indian multinational conglomerate, Larsen & Toubro Limited (L&T) is...

Infosys, TCS, and Wipro Add 12,718 New Employees

India's IT sector has shown signs of recovery in...

Skills4Future 4‑Week Virtual Internship, Check Deatils & Apply

The All India Council for Technical Education (AICTE), along...

Emirates on hiring spree to recruit 5,000 cabin crew in 2024

One of two flag carriers of the United Arab...

Synchrony gets Rachana Bahadur as SVP & Country Head, India

Synchrony, a premier consumer financial services company appoints Rachana...

ITC Infotech HR Budget 2021, All Things Employee Benefits

Backdrop Our workplace comprises of diverse workforce and individual requirements,...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/