Sir Stuart Rose will step down from Marks & Spencer in July 2011. Confirmation of Rose’s planned retirement date came as part of a rejig of the management team prompted by the resignation of M&S chairman Lord Burns, who will leave the retailer in June.
Group finance and operations director Ian Dyson has added retail and HR to his responsibilities, taking over some of Rose’s chief executive duties.
Meanwhile, director of womenswear, lingerie and kidswear Kate Bostock has been appointed to the board and will assume responsibility for all M&S’s clothing, including womenswear, menswear, ling-erie and kidswear. However, she will not have responsibility for women’s own brand Per Una.
Menswear trading director Julian Kilmartin will now report to Bostock, along with kidswear trading director Scott Fyfe, lingerie trading director Frances Russell, director of general merchandise planning and supply chain Andrew Skinner, and sourcing director Nick Jones.
The heads of categories reporting to the directors all remain the same.
A spokeswoman said there were no plans to appoint a womenswear trading director.
The promotions take place with immediate effect. M&S will also appoint an additional non-executive director to the board in due course.
Sir David Michels has been appointed deputy chairman with effect from June 1.