British retailer Marks and Spencer Group plc (M&S) has appointment Archie Norman as non-executive chairman with effect from September 1, 2017, succeeding the current chairman Robert Swannell who will retire from the board that day.
Norman brings a breadth of experience with an extensive track record in retail and brands, credited for transforming major businesses like Kingfisher, Asda and Energis. Norman has served as chairman of ITV, Lazard London and Hobbycraft. In 2016 he was appointed by the Department for Business, Energy and Industrial Strategy as its lead non-executive board member.
“I am delighted that Archie, with his deep, relevant experience is to be M&S’s next chairman. It has been a real privilege to have served as chairman and to have worked with so many exceptional people who are so passionate about this great business. With the appointment of Steve Rowe in 2016, I am confident that we have an excellent team, well-equipped to grow and strengthen the business. I wish them all the very best for the future,” says Swannell.
Archie Norman said: “I am looking forward to taking on the role of the chairmanship of Marks & Spencer as the business under Steve Rowe’s leadership faces into the considerable challenges ahead in a rapidly changing retail landscape,” adds Norman.
Commenting on the selection process, M&S senior independent director Vindi Banga, elaborates, “Having conducted a very rigorous appointment process, it was clear to us that Archie was the best person to be chairman. Archie is one of the most respected business leaders in the UK with extensive experience as both CEO and chair, and a proven record in retail and other areas. We are delighted he has accepted…I would also like to thank Robert on behalf of M&S for his great contribution and commitment to the company over the last seven years. He will be much missed and we wish him well for the future.”