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High street retailer Marks and Spencer has announced that Jan du Plessis will take over as Senior Independent Director from March 1st.
He will replace Sir David Michels, who it was previously announced will step down as Deputy Chairman and Senior Independent Director on February 29th, having served on the Board since 2006.
Robert Swannell, Marks & Spencer Chairman said: "I would like to thank David for his leadership of the Nomination and Governance Committee and his role in ensuring a smooth succession. We are delighted that Jan has agreed to succeed David as Senior Independent Director."
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The share price rose 1.16% to 357.50p by 13:23.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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