M&S boss Rowe steps down as Machin and Bickerstaffe take reins

Steve Rowe in M&S head office

Marks & Spencer chief executive Steve Rowe is stepping down from the business after six years and will be replaced in the top job by food boss Stuart Machin.

Rowe will stand down from the M&S board at the company’s preliminary results presentation on May 25 and will leave the business after its July 5 AGM, following six years in the role. The retailer said Rowe will continue in an advisory role for the new management team for up to a year after his departure. 

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