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M&S CEO Steve Rowe to take over leadership of retailer’s Clothing and Home business

In a brief statement, M&S announced that Jill McDonald is leaving the business nearly two years after taking over as Managing Director of Clothing and Home

M&S CEO Steve Rowe
Rowe said: "Given the importance of this task to M&S I will be overseeing this programme directly"

Marks and Spencer Group PLC’s (LON:MKS) CEO Steve Rowe is to take over leadership of the retailer’s Clothing and Home business directly in the near term as the struggling division’s boss departs.

In a brief statement, M&S announced that Jill McDonald is leaving the business nearly two years after taking over as Managing Director of Clothing and Home.

Rowe commented: "Jill was brought in to establish a strong platform for the transformation of the Clothing and Home business. She has achieved that; she leaves with my thanks and good wishes for the future.”

The FTSE 100-listed firm’s CEO added: “She has recruited a talented team, improved the quality and style of product and set a clear direction for the business to attract a younger family age customer.

“The business now needs to move on at pace to address long-standing issues in our Clothing and Home supply chain around availability and flow of product. Given the importance of this task to M&S I will be overseeing this programme directly."

Quick facts: Marks and Spencer Group PLC

Price: 94 GBX

LSE:MKS
Market: LSE
Market Cap: £1.84 billion
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