REG - Marks and Spencer Gp - Directorate Change

Marks and SpencerAnnouncement

24/02/2023 09:00

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RNS Number : 9077Q  Marks and Spencer Group PLC  24 February 2023

Marks and Spencer Group PLC

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

 

Cheryl Potter, former head of the global consumer team at private equity firm,
Permira, will join the board of Marks and Spencer Group plc ("M&S") as a
Non-Executive Director effective from 1 March 2023.

 

During Cheryl's 20-year career at Permira - a global private equity firm with
€75bn assets under management - she built a highly successful track record
as an investor and steward of portfolio companies, working with management
teams to build better businesses. As well as leading the global consumer
practice she served on the boards of scale retail and consumer facing brands,
including Dr Martens, Allegro, Homebase and Birds Eye.

 

Cheryl has also been a passionate advocate for women in leadership, as both a
founding Patron of The Prince's Trust Women Supporting Women scheme and as the
current Chair of Level 20, a not-for-profit organisation focused on getting
more women into senior investing roles in the Private Equity industry.

 

M&S Chairman Archie Norman said "I am delighted that a superstar of the
private equity world is joining us at M&S. She brings enormous energy,
passion and a strong shareholder value focus to the Board, as well as a great
track record as a role model and advocate of women in leadership".

 

Cheryl will join the Nomination Committee at the same time as joining the
board. M&S confirms that there is no further information required to be
disclosed pursuant to paragraph 9.6.13 of the UK Listing Rules.

 

-Ends-

 

For more information, please call:

M&S Corporate PR - 0208 718 1919

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