M＆S names Archie Norman as new chairman

Former Asda boss Archie Norman has been named as Marks and Spencer's new non-executive chairman.

He will replace current chairman Robert Swannell, who joined M&S in 2010.

Mr Norman stepped down as ITV chairman last year and has led a number of major businesses including Kingfisher and Energis.

The announcement comes days after M&S said it had hired the boss of Halfords, Jill McDonald, to take charge of its clothing, home and beauty business.

'Considerable challenges'

In a statement, Mr Swannell said: "I am delighted that Archie, with his deep, relevant experience is to be M&S's next chairman.

"It has been a real privilege to have served as chairman and to have worked with so many exceptional people who are so passionate about this great business.

"With the appointment of Steve Rowe in 2016, I am confident that we have an excellent team, well-equipped to grow and strengthen the business. I wish them all the very best for the future."

Mr Norman said: "I am looking forward to taking on the role of the chairmanship of Marks & Spencer as the business under Steve Rowe's leadership faces into the considerable challenges ahead in a rapidly changing retail landscape."

(BBC)