Finance
M&S considers extending Archie Norman's tenure as chair, FT reports
Published by Global Banking & Finance Review®
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
Marks & Spencer is considering extending Archie Norman's chairmanship beyond the recommended term after a costly cyber attack.
(Reuters) - British retailer Marks & Spencer is considering extending Archie Norman's tenure as chair beyond the UK's recommended nine-year term, the Financial Times reported on Friday.
The retailer's canvassing of investors over whether they would support Norman staying on, comes after M&S suffered a damaging cyber attack in April, which is expected to cost it roughly 300 million pounds ($406.7 million) in gross profit.
The attack, which has been linked to hacker group DragonForce, compromised customer data and forced M&S to suspend click and collect orders for nearly four-months.
Norman was named chairman of M&S at a critical time in 2017, when its clothing division had struggled to deliver growth for more than a decade, and has since been instrumental in revitalising the company with chief executive Stuart Machin.
According to the FT report, a person who knows Norman said he would be willing to stay on, but that it was a decision for the board and investors to make.
M&S did not immediately respond to Reuters request for comment.
($1 = 0.7376 pounds)
(Reporting by Nishara K.P in Bengaluru; Editing by Shailesh Kuber)
Marks & Spencer is considering extending Archie Norman's tenure as chair beyond the UK's recommended nine-year term.
The consultation comes after M&S suffered a damaging cyber attack in April, which is expected to cost the company roughly £300 million.
Since being named chairman in 2017, Norman has been instrumental in revitalizing M&S's clothing division, which had struggled for over a decade.
The cyber attack compromised customer data and forced M&S to suspend click and collect orders for nearly four months.
A person who knows Norman indicated that he would be willing to stay on, but the decision ultimately lies with the board and investors.
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