UK food and clothing retailer Marks & Spencer has announced that chairman Luc Vandevelde has indicated that he wants to leave the company’s board of directors.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Luc’s decision has been prompted by personal commitments previously made to the Halley family and which arise from the untimely death of Paul Louis Halley late last year,” the company said.
Halley, a French billionaire and major shareholder in French retail giant Carrefour, was killed in a plane crash in England last December. Vandevelde, a former executive of Carrefour, joined the French company’s board after Halley’s death to represent the Halley family on the board.
Marks & Spencer said a search is under way for a new chairman and Vandevelde will remain in the position for as long as necessary to establish his successor.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
