As Britain awaits the reopening of the high street Marks and Spencer Group PLC (LON:MKS) told investors that the start date has been brought forward for new director of the retailer’s clothing & home division.
Richard Price is now set to begin in his role on an “early” start date of 6 July.
Price was scooped up from his prior role at Tesco where he was chief executive of the grocer’s F&F Clothing business.
The ‘early’ start will come within weeks of the slated reopening of the UK’s non-essential retail, slated for June.
Steve Rowe, M&S chief executive, in a statement, described the hire as coming at a crucial time.
“I am confident that his leadership of a much-strengthened team and track record of delivering growth through great value, stylish product will accelerate the transformation of our Clothing and Home business and build on the improvements in product, value and availability over the past year,” Rowe added.
Rowe will hand over his responsibility for the Clothing & Home to Price upon his arrival in July.