Sir Stuart bags £4m from M&S June 10, 2010 OUTGOING Marks & Spencer chairman Sir Stuart Rose earned £4.3m last year, a rise of 47 per cent during a period when the retail giant was forced to cut its dividend by 20 per cent. The executive chairman earned £2.6m, including £1.4m in bonuses and cash allowances. The firm’s annual report said deferred share options [...]
Blank on the long list for M&S chair May 16, 2010 HEADHUNTERS searching for a replacement to Sir Stuart Rose at Marks and Spencer have earmarked former Lloyds chairman Sir Victor Blank as a potential candidate to chair the board. JCA Group founder Jan Hall is currently putting together a long list of candidates ready for the board to whittle down. Other names that have been [...]
M&S sees 5pc profit jump as Rose moves on May 25, 2010 MARKS & Spencer yesterday reported a rise in profits as new chief executive Marc Bolland prepared to take over the reins at the high street giant. The figures were the last to be presented by outgoing chief Sir Stuart Rose, who said the handover was going “smoothly”. M&S recorded a pre-tax profit of £632m for [...]
Marks and Spencer May 23, 2010 SHAREHOLDERS were understandably miffed when Sir Stuart Rose announced his intention to stay on as executive chairman of Marks & Spencer. They were told that the power grab would ensure an smooth transition when Rose stood down; the succession at Britain’s favourite retailer has been anything but. New chief executive Marc Bolland has arrived, but [...]
Race for M&S chair takes on new urgency May 23, 2010 ROGER CARR has ruled himself out of the running for the role of chairman at Marks & Spencer (M&S), while it is believed current chairman Sir Stuart Rose may quit earlier than expected. Carr, who announced his departure from Cadbury in February, is said to be looking abroad for his next corporate post. His withdrawal [...]
A SUITABLY SPIRITED SENDOFF TO SIR STUART July 14, 2010 WE’LL begin by heading over to the Royal Festival Hall for Marks and Sparks’ annual general meeting, where the usual fun and games were to be had. Hundreds of ageing M&S veterans queued up for the speeches, stage antics and free food and drink, armed with piercing questions for Sir Stuart Rose and his successor, [...]
BP’S FORMER RIVAL TESTING THE WATERS VIA THE USUAL CHANNELS June 13, 2010 JOHN Hofmeister, the former president of Shell, has been busy over the past few weeks, sticking his oar in to help former rival BP traverse the oil-slicked waters of the post-spill Gulf. Hofmeister has been a staunch proponent of using giant supertankers to suck up the oil for processing – arguing that the same system [...]
ROUX BUSY EXPANDING WHITEHALL WAISTLINES October 26, 2010 IT’S been a busy few months for master chef Michel Roux Jr, splitting his time between fostering his burgeoning TV career and appointing a new chef for his latest venture, Roux at Parliament Square. In addition to his ongoing judge’s spot on Masterchef, Roux has also been busy filming a series set to hit our [...]
ROUX BUSY EXPANDING WHITEHALL WAISTLINES October 26, 2010 IT’S been a busy few months for master chef Michel Roux Jr, splitting his time between fostering his burgeoning TV career and appointing a new chef for his latest venture, Roux at Parliament Square. In addition to his ongoing judge’s spot on Masterchef, Roux has also been busy filming a series set to hit our [...]
CITY VIEWS: HAS MARKS & SPENCER LOST ITS SPARK UNDER THE STEWARDSHIP OF SIR STUART ROSE? September 30, 2009 STEPHEN FOSTER CHAPMAN BATES“It’s a bit dated, the sort of place I’d expect my Mum to go. There are so many brands around that it’s hard for them to compete. I would only go there for a suit, not casual clothes. I still think of it as being good quality, but they seem scared of [...]