Blog: Leonie BarrieM&S succession race wide open

Leonie Barrie | 21 May 2009

The succession race at Marks & Spencer is as wide – and debatable – as ever, perhaps even more so now that Carl Leaver is to depart.

Leaver last August added homewares and e-commerce to his role as head of M&S’s international division, prompting speculation that he was being lined up to fill the chief executive hot seat when Sir Stuart Rose stands down in two years' time.

But now another potential successor to Sir Stuart has gone, and the focus has switched to Ian Dyson, group finance and operations director, who yesterday took charge of the retailer’s new programme, called ‘2020 - Doing the Right Thing’.

A rather irked Rose on Tuesday pointed out that there are lots of key players within M&S right now.

“We have a strong bench strength and a very clear succession strategy to identify a candidate,” he told journalists in London, adding that it’s unlikely there “will be any movement on this front until the next financial year.”

Rose, who was controversially appointed executive chairman of M&S last June, in addition to his CEO role, has indicated he will step down in 2011. And on Tuesday he conceded he would prefer his replacement to be an internal candidate “to build on what we have started building over the past five to six years.”



Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...


Hanjin Shipping collapse triggers fear of West Coast port repeat

The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...

just-style homepage

Forgot your password?