UK: M&S Boss Vandevelde To Go Part-Time – Paper
The man credited with reviving the fortunes of UK high street giant Marks & Spencer, chairman and chief executive Luc Vandevelde, is expected to go part-time by the end of this year. Several newspapers on Sunday claimed the 51-year-old Belgian will officially announce his decision at the firm's AGM on Wednesday, with the managing director of its UK retail operations, Roger Holmes, expected to take over the role.