Former Marks & Spencer chairman Sir Stuart Rose is set to become a member of the House of Lords alongside 20 other new peers.
The current Fat Face and Ocado chair will be handed a peerage by the Conservative party in the coming weeks, according to Sky News.
Rose joined Marks & Spencer as chief executive in May 2004. He was replaced by Marc Bolland in May 2010 but remained chairman until early 2011, when he was replaced by Robert Swannell. He was knighted in 2008 for his services to the retail industry.
His first political appearance was at the Tory party conference in 2010 and he was appointed in February this year to conduct a review of NHS hospitals.
Rose’s office was not immediately available for comment when contacted by Drapers.