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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

M&S boss Steve Rowe to step down after close to 40 years with retailer

M&S Steve Rowe Stuart Machin Archie Norman
Steve Rowe is stepping down as chief executive of Marks &amp& Spencers in May.
Steve Rowe is stepping down as chief executive of Marks & Spencers in May. Photograph: Oliver Dixon/Imagewise

Marks & Spencer’s chief executive, Steve Rowe, is stepping down in May after nearly 40 years at the business he joined straight from school.

Rowe, who has spent six years overseeing the beginnings of a turnaround in the retailer’s fortunes after years in the doldrums, is to be replaced by the boss of its food business, Stuart Machin.

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