UK: M&S Says CEO Quit Reports Are "Speculation"
The head of British high street giant Marks & Spencer, Luc Vandevelde, was on Tuesday reported to be planning to quit the role of chief executive and become non-executive chairman. The Financial Times newspaper said the Belgian retailer is expected to resign from his role of CEO in the next few months and probably be replaced by Roger Holmes, head of the company's UK retailing business.
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