Marks & Spencer’s executive director of multichannel Laura Wade-Gery has extended her maternity leave by eight months.
Wade-Gery, one of the retailer’s most experienced directors was due to return to work in January, but will now take a full year’s leave, returning to the firm on September 1, The Guardian has reported.
Helen Weir, the company’s chief financial officer, will maintain responsibility for e-commerce distribution, while Sacha Berendji, director of retail, and David Walmsley, director of M&S.com, will continue to report to chief executive Marc Bolland in Wade-Gery’s absence.
The news comes as shares in M&S fell by 12% over the past month amid Christmas trading concerns in a challenging, promotional market.
M&S will publish a third-quarter trading update on January 7.