Friday, 5 May 2017

Former Asda boss Archie Norman named next M&S chairman

Former Asda boss and ex-Conservative MP Archie Norman has been named as the next chairman of Marks & Spencer.
He will take over in September on the retirement of current chairman Robert Swannell.

Shares rose 2% on the announcement.

Mr Norman was credited with the turnaround of Leeds-based Asda in the 1990s before it was snapped up by US retail giant Wal-Mart.

Sky News revealed last week that M&S was in advanced talks to name him as chairman.

The appointment is the latest change at the top of the retailer, after Steve Rowe took over as chief executive last year.

SKY      News.