Marks and Spencer Group will extend Chairman Archie Norman's tenure to ensure stability as the British retailer continues its multi-year "Reshaping for Growth" transformation strategy.
The company said its board unanimously backed the move, which will see Norman stay for up to three additional years from September 2026, subject to annual review and shareholder approval.
Norman, who joined as chairman in 2017, is approaching the nine-year term after which a non-executive director's independence is typically reviewed under UK corporate governance guidelines.
"Archie has been an exceptional Chair, steering an effective, engaged Board and putting in place a highly capable leadership team under Stuart Machin which is transforming M&S and building a stronger, better business," said Fiona Dawson, the company's Senior Independent Director.
The decision to retain Norman comes as M&S also strengthens its board with the recent appointment of former Asda CEO Roger Burnley as a non-executive director.
Amid these leadership moves, the company on Wednesday announced its latest interim results, declaring a dividend of 1.2 pence per share payable in January 2026.
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Marks and Spencer Group will extend Chairman Archie Norman's tenure to ensure stability as the British retailer continues its multi-year turnaround strategy.