MARKS & SPENCER ACCELERATES TRANSFORMATION PLAN WITH NEW FOOD MANAGING DIRECTOR - STUART MACHIN JOINS TO COMPLEMENT JILL MCDONALD ON CLOTHING & HOME -
Marks & Spencer announces that Stuart Machin, currently Group CEO, Steinhoff UK, has been appointed to the new role of Managing Director of Food in a move designed to overhaul M&S’s Food arm as it accelerates its business-wide transformation plan.
Stuart will join M&S in late April and will have overall P&L accountability for all aspects of the M&S Food business. He will report into M&S’s CEO, Steve Rowe, and work closely alongside Clothing & Home MD, Jill McDonald, who is leading the transformation in non-food.
He brings extensive experience of leading and executing retail transformation in both the UK and in Australia. An established Food expert, who has also driven radical change programmes in non-food, Machin has worked across the sector for over 30 years. Prior to joining Steinhoff, Stuart was CEO of Target Australia for three years having previously been COO of Coles Supermarkets Australia. His impressive Food Retail career spans successful appointments at ASDA Walmart, Tesco and J Sainsbury.
Steve Rowe, M&S CEO, said: “We face challenges in our Food business and we have lots to do to change, fast. Stuart is an excellent addition to our team. He gets Food retailing and he has first class experience of driving change in big food retailers. At M&S we need to sharpen our prices, improve our products, drive profitability and grow market share – Stuart is the right leader to get on and deliver these changes.”
Stuart Machin said: “My heart lies in Food retail and I am excited to bring my passion for dynamic, customer-led Food retailing to M&S. The business has many reasons to be proud of its Food offer but there are also opportunities and lots to deliver under the transformation plan that Steve has laid out. I am looking forward to joining the team.”
On arrival Stuart will be working closely with Sharry Cramond, newly appointed Food Marketing Director, who is transforming M&S Food marketing and focused on improving customer perceptions on price and provenance. His appointment further strengthens the top team, which includes Jill McDonald and CFO designate Humphrey Singer who will join M&S later this year.
As a result of Stuart’s appointment, Andy Adcock, Director of Food will leave the company at the end of April. Steve Rowe said: “I’d like to sincerely thank Andy for his significant contribution to M&S over the last nine years and wish him well for the future.”
- Ends -
For further information, please contact:
M&S Corporate Press Office 0208 718 1919
Notes to Editors:
Making M&S Special
In November 2017 Marks & Spencer set out a transformation programme for the business concentrating on Restoring the Basics, Shaping the Future and Making M&S Special.
Under this transformation programme, Making M&S Special, M&S has to date announced:
- A slowdown in the Simply Food store opening programme
- An acceleration of the UK store estate closure programme
- The sale and franchise of its retail business in Hong Kong and Macau
- A new Technology Transformation Programme
- Improvements to its Clothing & Home Logistics Network
- The restructure of the Customer, Marketing & Digital Team
People & Structure Changes
Since Steve Rowe became CEO in April 2016, M&S has set about streamlining and changing its operational and leadership structure. The Clothing & Home and Food businesses have been established as two separate business units, each with full P&L accountabilities, and independently managed.
Additionally, the senior leadership team has been strengthened by reducing in number and fully empowering its Operating Committee, and a number of senior hires, including:
- David Guise, HR Director, appointed October 2016
- Mel Smith, Strategy Director, appointed May 2017
- Jill McDonald, Clothing & Home Managing Director, appointed October 2017
- Victoria Self, Digital Director, appointed January 2018
- Sharry Cramond, Food Marketing Director, appointed January 2018
- Humphrey Singer, CFO, joining July 2018