Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Marks & Spencer appoints BA CEO to its board

(Sharecast News) - Retailer Marks & Spencer said on Wednesday that Sean Doyle, chairman and chief executive of British Airways, will join the board as a non-executive director with effect from 1 December. "Sean is a practising chief executive and an outstanding business leader in the complex and challenging airline industry," M&S said. "He also represents an iconic British brand with extraordinary public exposure."

Roger Burnley, former CEO of Asda, will also join the board on 1 December, while Archie Norman's tenure as chair will be extended.

M&S said this renewal was part of a broader programme to refresh the board as it embarks on "the next phase of the Reshaping for Growth strategy".

Sean Doyle said: "Being the CEO of Britain's flag carrier is a very special job, as you are the custodian of a brand which is part of the fabric of the country. Not many brands can equal that, but M&S certainly can.

"I am privileged to be joining a board focused on 'protecting the magic' of the brand as it modernises the business through the Reshaping for Growth strategy and look forward to supporting the next phase."

Share this article

Related Sharecast Articles

JPMorgan reinstates coverage of Unite Group at 'overweight'
(Sharecast News) - JPMorgan reinstated coverage of Unite Group on Thursday at 'overweight' with a 725p price target as it said the de-rating was excessive given structural drivers.
Daily Mail's £500m Telegraph deal faces formal probe
(Sharecast News) - Daily Mail and General Trust's proposed £500m takeover of the Telegraph titles looked set to face a formal investigation on Thursday, after the Culture Secretary intervened on public interest and competition grounds.
Citi downgrades Drax to 'neutral' from 'buy'
(Sharecast News) - Citi downgraded Drax on Thursday to 'neutral' from 'buy' as it said the shares were already discounting much of the probability-weighted upside, but lifted the price target to 923p from 850p.
Alba Mineral Resources pleased with progress at Clogau mine
(Sharecast News) - The share price of Alba Mineral Resource received a boost on Thursday by an operational update from the Clogau-St David's gold mine, after six blasts were completed successfully.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.