International director set to leave Marks & Spencer

Marks & Spencer is facing another setback in its attempts to get its financial performance back on track with the head of the retailer’s international business likely to depart.

Jan Heere, who was hired from Inditex, the owner of Zara, in 2011, is understood to be returning to a role in Russia, although he is yet to resign from his role at M&S.

As director of international Mr Heere has been at the forefront of a drive by Marc Bolland, chief executive, to evolve M&S into an “international multi-channel retailer”.

Last month M&S unveiled plans to step up its international expansion by opening 250 new stores outside the UK in the next three years.

Mr Heere joined M&S after five years running Inditex Russia. Mr Heere had worked for Inditex, the biggest retailer in the world since 2002.

An M&S spokesperson said: “We have a highly talented team at M&S, of course other businesses will be interested in our people, just like we always keep an eye on external talent. Jan Heere has not resigned and we have nothing further to say on this matter.”

On Tuesday M&S reported a decline in annual profits for the third year in a row. Mr Bolland conceded that “more needed to be done than we thought” to modernise M&S.

20140523-071456-26096496.jpg

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

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: