LONDON — U.K. retailer Marks & Spencer disclosed a series of changes to its executive team’s responsibilities Monday, as part of the firm’s aim to “drive greater accountability and responsibility across the business,” the company said.
As part of the shifts, Laura Wade-Gery, currently executive director, multichannel at M&S, will additionally be responsible for U.K. retail. And in order to accelerate M&S’ global brand position, the company said, executives in M&S’ international business will now report to Patrick Bousquet-Chavanne, executive director, marketing and business development at M&S. Costas Antimissaris, business development director, has been appointed international director and reports to Bousquet-Chavanne. Meanwhile, Jan Heere, the current international director, is leaving M&S to return to Russia. Alan Stewart, chief finance officer, will be responsible for property as part of his financial asset management role. Hugo Adams, currently executive assistant to chief executive officer Marc Bolland, has been appointed property director, reporting to Stewart. The moves are effective immediately.
Bolland said of the changes: “We now have the right infrastructure in place to take our business forward, and as we enter the next phase of our plan, we need to make sure our team structures and internal processes allow us to move with pace, simplicity and speed.” The company said it has also realigned responsibilities across the wider organization, in order to “promote swifter decision making and a speedier response to customers’ needs.”
M&S, whose general merchandise sales — which include clothing — have faltered in recent years owing to increasing competition and an unclear target market for its designs, is due to issue a first-quarter trading update July 8.