M&S co-chief executive officer Katie Bickerstaffe to step down
Planned leadership evolution at M&S announced
Print7 March 2024
Katie Bickerstaffe will retire from M&S after the AGM in July 2024 to pursue her board career.
Bickerstaffe served as a non-executive director and co-chief operating officer of M&S prior to being appointed co-chief executive officer (co-CEO), reporting into chief executive officer Stuart Machin, in March 2022.
In a statement, the British retailer, noted that she helped see through that leadership change, the strengthening of the management team and a marked improvement in the performance of the business, she will move on to take other board roles in line with the original transition plan
Commenting on the announcement, Bickerstaffe, said, I took on the co-CEO role to support Stuart as he succeeded to chief executive officer and because of my love for the brand and my determination to see the transformation of M&S through to the next stage.
“We have built a strong team, made great progress, and it is now right that the business and function heads report directly to Stuart. I will leave with great memories and a strong sense of achievement.”
Machin, added, “I’m very grateful to Bickerstaffe for her support in seeing M&S through this important period in the reshaping of the business.
“We now have a much stronger business, and she will move on with our very best wishes.”
New appointment
Bickerstaffe’s particular focus has been on Data, Digital and Technology and, as announced on 25 January, Rachel Higham will be joining M&S from WPP in the new financial year to take over this function, reporting to Machin, and will sit on the Executive Committee, the company noted.
Read more: “Strong momentum sustained” by M&S during Christmas trading
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