Marks & Spencer confirms departure of two senior executives

Marks & Spencer confirmed the departure of two senior executives as the brain drain from the high street chain continues.

IT director Darrell Stein and Clem Constantine, director of property, both of whom sit on the M&S management committee, are leaving in the summer.

The retailer has suffered a stream of senior defections, but a spokeswoman said that the departures reflected significant changes to both roles.

Stein – who is understood to have a job to go to – has completed a major revamp of the website while M&S’s “property focus” changed, she said, after chief executive Marc Bolland put the brakes on store openings last year.

“We have a very strong talent pool at M&S that is being recognised internally and externally,” said the spokeswoman.

20140324-222015.jpg

Posted on March 24, 2014, in #retail, #uk. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: