Katie Bickerstaffe will retire from M&S after the AGM in July 2024 to pursue her board career.
Bickerstaffe served as a non-executive director and co-chief operating officer of M&S prior to being appointed co-CEO, reporting into chief executive officer Stuart Machin, in March 2022. Having helped see through that leadership change, the strengthening of the management team and a marked improvement in the performance of the business, she will move on to take other board roles in line with the original transition plan.
“I’m very grateful to Katie for her support in seeing M&S through this important period in the reshaping of the business. We now have a much stronger business, and she will move on with our very best wishes,” commented Stuart Machin, CEO.
Bickerstaffe said: “I took on the co-CEO role to support Stuart as he succeeded to chief executive officer and because of my love for the brand and my determination to see the transformation of M&S through to the next stage. We have built a strong team, made great progress, and it is now right that the business and function heads report directly to Stuart. I will leave with great memories and a strong sense of achievement.”
This announcement has been made in accordance with the requirements of 9.6.11 of the UK Listing Rules.
