Marks and Spencer (M&S) co-chief government Katie Bickerstaffe is to go away the enterprise after simply two years within the function, the corporate has introduced.
The retailer confirmed a “leadership evolution” following a story by Sky News on Wednesday night time that Stuart Machin, who she reported to, could be the only real chief government following her departure.
M&S mentioned she was to retire following the corporate’s AGM in July.
She has led the digital, information and worldwide elements of M&S’s enterprise throughout her tenure.
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It has contributed to a turnaround within the firm’s fortunes throughout the board because the finish of the pandemic.
Mr Machin mentioned: “I’m very grateful to Katie for her support in seeing M&S through this important period in the reshaping of the business. We now have a much stronger business, and she will move on with our very best wishes.”
A supply advised City editor Mark Kleinman that Ms Bickerstaffe had already lined up a brand new function as a non-executive director of Kingfisher, the DIY retailer which owns B&Q.
She is already a non-executive director of the England and Wales Cricket Board and of Barratt Developments, the FTSE 100 housebuilder.
Before changing into co-CEO alongside Mr Machin, she held different senior jobs at M&S, together with as its technique chief.
Her earlier roles embrace working the UK and Ireland arm of Dixons Carphone and main SSE’s retail power companies division.
Source: information.sky.com”