Marks & Spencer yesterday announces the appointment of Laurel Powers-Freeling as a main board director, with effect from 6 November 2001. Laurel will be appointed Chief Executive of Marks & Spencer Financial Services, subject to the normal regulatory procedures. Laurel joins Marks & Spencer from Lloyds TSB Group plc. She was previously Managing Director responsible for Lloyds TSB Wealth Management, a business that has grown rapidly over the last few years, and she has recently re-shaped the business and re-launched it under a new brand. Laurel joined Lloyds TSB in 1994 as Group Finance Director for Lloyds Abbey Life and was subsequently Director of Finance and Retail Development within UK Retail Banking.