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M&S should be run by a woman, says Kate Bostock

Kate Bostock, former head of clothing at Marks & Spencer, has said the high street chain should be run by a woman, as the vast majority of its customers are women.

Kate Bostock

Kate Bostock

Kate Bostock

Bostock, who was most recently the chief executive of Coast, told The Daily Mail the chain needs a woman at the helm to turn around its ailing fashion business.

“It’s a very female-dominated business in terms of its customer base and, at the end of the day, that’s what the business is all about – the customers that you’re selling to.”

She added: “’I thought it might have happened this time round, hopefully, it will happen soon.”

When current M&S boss Marc Bolland steps down in April he will be replaced by Steve Rowe.

At M&S, 15 of its 21 operational directors are men.

Bostock said: “It’s disappointing. In those big corporate firms the men still dominate even though there are a lot of women in the business. Whereas in the smaller and medium-sized firms women often dominate. It’s a fact that boards with women on them are better companies and more successful.”

As previously reported by Drapers a report by executive search firm Korn Ferry revealed only 15% of the 45 newly appointed retail chief executives last year were women.

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