UK: Two more senior executives to exit M&S
Marks & Spencer's director of IT, Darrell Stein, and Clem Constantine, director of property, have been confirmed as the latest executives set to leave the UK retailer.
Stein and Constantine will exit the business in the summer, a spokesperson for M&S said in a statement sent to just-style today (25 March).
According to the company's website, Stein and Constantine have held their respective positions since 2006 and served on the management committee.
"Their roles have significantly changed recently; Darrell developed our new e-commerce platform which has now been delivered and, as announced at our interims, we will be putting on less general merchandise space which changes our property focus," the statement added.
The spokesperson said it is too soon to give any details on potential replacement plans.
M&S reported its tenth consecutive quarterly decline in general merchandise sales in January, despite seeing what CEO Mark Bolland described as early signs of improvement in its women's wear business.
Having posted strong growth from its sales of packaged food throughout the economic recession, Marks & Spencer’s performance towards the end of the review period was hampered by the poor performance o...
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