While Bousquet-Chavanne has taken on responsibility for the international business, as current international director Jan Heere is leaving the business to return to Russia. Bousquet-Chavanne will continue as executive director, marketing and business development. Additionally, Costas Antimissaris, currently business development director, international, is appointed international director, reporting to Bousquet-Chavanne.
The changes are part of the retailer’s drive for “greater accountability and responsibility across the business” and will see both UK Retail and M&S International represented at Board Level for the first time.
Other changes will see Steve Rowe, executive director of food, and John Dixon, executive director of general merchandise, both taking on responsibility for operating profit of their respective trading areas, as will Wade-Gery, Bousquet-Chavanne. These roles were previously split between various teams and Bolland.
M&S restructures its executive team for “greater accountability”
Additionally, chief finance officer Alan Stewart is taking on responsibility for property as part of his financial asset management role. While Hugo Adams, currently executive assistant to Marc Bolland has been promoted to property director, reporting in to Stewart. Adams replaces Clem Constantine, who left the business this spring.
Commenting on the changes, Bolland said: “Over the last three years, we have worked hard to transform M&S into an International, Multi-channel retailer that is fit for the future of retail. 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 reshuffle comes as M&S looks to reposition as an international, multi-channel business. It has recently invested 150 million pounds in a new content-focused website and announced plans to open 250 stores outside the UK over the next three years.
All changes to the executive team start with immediate effect.
Image: Marks & Spencer advert