Stuart Rose may leave M&S “a bit earlier” than expected

Stuart Rose, executive chairman of retailer Marks & Spencer has claimed he is likely to leave the company before July 2011, although a departure this year is unlikely.

Rose will be succeeded as chief executive on May 1 by Marc Bolland, former CEO of Morrisons, but will remain as a part-time non-executive chairman.

The company has said his latest possible departure date from this role will be after the annual shareholders’ meeting in July 2011.

However, speaking at a conference in London today, Rose said he would probably go “a bit earlier” adding “I’ve done this job now longer than the Second World War lasted. I am going to go at the appropriate time.”

Rose added the retailer’s board had not yet started the formal search for a new chairman, and would not say if he would take a pay cut when he moves to the part-time chairman role.

He predicted that Bolland would take M&S into new product areas and services, which could include telecoms.

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    If you're an existing paid print subscriber find out how to get access here.

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

    If you are looking for our Jobs site, please click here

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now