UK: M&S Chief’s Days Could Be Numbered - Paper
One year in to his role as chief executive of M&S and Luc Vandevelde is the first to admit that he is disappointed with results so far. When he took the job, he stressed that if performance did not reach certain targets within two years, he would quit. It looks increasingly likely that those targets will remain out of reach, but there is no sign from the M&S board that they are keen to let Vandevelde go.
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