Marks & Spencer Chairman to Retire

Marks & Spencer (London) announced that its chairman of 6 years, Robert Swannell, will step down next year.

Earlier this year, Steve Rowe stepped in as Marks & Spencer’s ceo after Marc Bolland resigned, according to Women’s Wear Daily.

“Steve completed a thorough analysis of the business and developed a detailed plan to build a simpler and more relevant M&S,” said Swannell. “This plan is now underway and I feel that it is the right time for the business to look for a new chairman. It is a real privilege to chair this iconic company and I will continue to do so until my successor is in place.”