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Sir Stuart Rose

Executive chairman, Marks & Spencer

In M&S’s 125th year, Sir Stuart Rose has gone a long way towards appeasing rattled shareholders by appointing his successor, Marc Bolland, chief executive of supermarket chain Morrisons.

Rose, whose dual role as chairman and chief executive created endless controversy, has had another turbulent year, losing market share to rivals and
foregoing pay rises and bonuses after profits slumped. But Rose delivered a better-than-expected first-half performance, with flat profits of £298.3m on sales of £4.3bn - up 2.8%.

The 60-year-old, who has vowed never to run a company as a chief executive again, has hinted he will work with young entrepreneurs after he steps down next year.

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