Marks & Spencer to lose two experienced executives

March 24 Mon Mar 24, 2014 6:24pm EDT

March 24 (Reuters) - Marks and Spencer said on Tuesday that two of its most experienced directors would leave the business this summer.

Both Darrell Stein and Clem Constantine, directors of IT and property respectively, have been with M&S since 2006, according to the company's website.

"Their roles have significantly changed recently; Darrell developed our new e-commerce platform, which has now been delivered and, as announced at our interims, we will be putting on less GM space, which changes our property focus," an M&S spokeswoman said.

Industry data showed last week that M&S had lost share in the British fashion market over the last three months, piling pressure on Chief Executive Marc Bolland, who has presided over 10 straight quarters of declining underlying sales in M&S's general merchandise division. (Reporting by Richa Naidu in Bangalore and James Davey in London; Editing by Steve Orlofsky)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video