Marks & Spencer has reshuffled its board of directors after senior independent director Jan du Plessis stepped down from the board yesterday after seven years.
Du Plessis is joining drinks company SabMiller.
Vindi Banga, chairman of the remuneration committee, and non-executive director since 2012, will succeed du Plessis’ role in addition to his current responsibilities. Banga is a partner at private equity investment firm Clayton Dubilier & Rice.
Miranda Curtis, who is a member of the remuneration and nomination committees has been appointed to the audit committee with immediate effect. Curtis is also chairman of Waterstones and a non-executive director of Liberty Global.
Robert Swannell, M&S chairman has joined the remuneration committee.
Swannell said: “On behalf of the M&S Board, I would like to thank Jan for his outstanding commitment and contribution to M&S. His insights and experience have been invaluable over the last seven years. We wish him well in his new appointment at SABMiller plc.
The nominations committee has set clear criteria for the experience and skills for non-executive director succession and we expect to make an additional appointment in due course”.