29th May 2018 11:54
LONDON (Alliance News) - Marks & Spencer Group PLC said Tuesday that Non-Executive Director Richard Solomons will stand down from the board with effect from July 10, at the company's annual general meeting.
Solomons has been on the M&S board for three years.
He leaves M&S after the FTSE 100-listed food, clothing and homewares retailer reported last week a 62% drop in pretax profit in its recent financial year.
Marks & Spencer also announced the closing of over 100 stores by 2022 as part of a UK store estate reshaping programme.
Shares were trading down 2.4% at 303.20 pence.
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