Sir Stuart Rose has formally left Marks & Spencer after six eventful years.
The 61-year-old has had an eventful leadership, attracting both praise and criticism since he joined the retailer in 2004.
Former City banker Robert Swannell, who was a lead adviser to M&S in the defence against retail tycoon Sir Philip Green’s takeover bid in 2004, replaces Sir Stuart as chairman, while former Morrisons boss Marc Bolland continues as chief executive, after joining the firm in May.
Sir Stuart will take on an advisory role at private equity firm Bridgepoint after his departure.
– IndiaRetailing Bureau