Marks & Spencer Group PLC

Board/Management Information • Oct 1, 2018

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RNS Number : 5145C

Marks & Spencer Group PLC

01 October 2018

MARKS AND SPENCER GROUP PLC ANNOUNCES BOARD AND COMMITTEE CHANGES

Marks and Spencer Group plc ("M&S") today announces the following changes to its Board and Committee membership.

Having served on the Board since September 2011, and having led the succession process for the new Chairman in 2017, Vindi Banga, Senior Independent Director and Chairman of the Remuneration Committee, has now decided to step down from the Board and will retire as a Director on 1 October 2018.

As a result, Andy Halford, who was appointed in January 2013, will succeed Vindi as Senior Independent Director.  Andy will continue as Chairman of the Audit Committee.

Andrew Fisher, appointed in December 2015, will succeed Vindi as Chairman of the Remuneration Committee. Andrew will step down from the Audit Committee as a result of this appointment.

Archie Norman, Marks & Spencer Chairman said: "Vindi has been an extraordinary contributor to the M&S board over seven years and is as much as anyone author of the transformation team we have in place today. With Robert Swannell he was highly instrumental in the appointment of Steve Rowe as Chief Executive and he oversaw the succession process for a new Chairman. As SID and Chairman of the Remuneration Committee the Company has relied on him for his sagacity and judgement and he leaves with our enormous thanks."

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For more information, please call:

M&S Corporate PR          0208 718 1919

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