Marks & Spencer’s former boss more than doubled his pay to £2.63m last year after getting his first bonus since 2017 as the cost of living crisis intensifies for customers.
Steve Rowe, who stepped down as chief executive last month, will not receive a payoff but will continue to be employed as a consultant paid up to £843,000. This can be for up to a year after ceasing full-time employment for M&S – after the group’s annual shareholder meeting on 5 July.
