Thursday, October 2, 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

JW Marriott Mumbai Juhu appoints Nikita Ramchandani as General Manager

JW Marriott Mumbai Juhu appoints Nikita Ramchandani as General...

PwC Expands Workforce with Multiple Job Openings Across India

PwC is actively hiring for multiple roles across various...

Cognizant Bets on Freshers in 2025 to Support AI-Driven Work

Cognizant, the US-based IT company, plans to bring in...

Deloitte, PwC, EY, KPMG Emerge as Executive Talent Hubs

A growing number of professionals from the Big Four...

Ola AI Division Krutrim Struggles with HR Issues Amid Expansion

Ola, the Indian ride-hailing giant, has been making significant...

DBS plans to hire 150 techies through Hack2Hire programme

DBS, a multinational banking and financial services company has...

NIELIT and Maharashtra Forge Alliance for AI Excellence

In a significant move aimed at bolstering technical education...

Employers Opt Non-Local Talent, Candidates Hesitate to Relocate

A recent survey by WorkIndia has revealed a significant...

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/