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    Home > Finance > Britain's M&S extends Archie Norman's tenure as chair to 2029
    Finance

    Britain's M&S extends Archie Norman's tenure as chair to 2029

    Published by Global Banking & Finance Review®

    Posted on October 14, 2025

    2 min read

    Last updated: January 21, 2026

    Britain's M&S extends Archie Norman's tenure as chair to 2029 - Finance news and analysis from Global Banking & Finance Review
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    Tags:Appointmentcorporate governancefinancial managementretail tradecybersecurity

    Quick Summary

    Marks & Spencer extends Archie Norman's chairmanship to 2029, citing his pivotal role in the company's revival and shareholder support.

    Britain's M&S extends Archie Norman's tenure as chair to 2029

    LONDON (Reuters) -British retailer Marks & Spencer said on Tuesday it has extended Archie Norman's tenure as chairman for three more years from September 2026, saying the decision has the "widespread support" of shareholders.

    Norman, who started as chairman in 2017, is widely credited with playing a key role in the revival of M&S' performance and its share price in recent years.

    Under Britain's corporate governance code, a chair is expected to step down nine years after joining the board, unless companies can explain why an extension is justified.

    Norman reaches the nine years mark in September next year.

    "The board is unanimous in its conviction that his continuation as chairman is in the best interests of the company and there is widespread support for this view across the shareholder base," M&S, which is recovering from a damaging cyber attack in April, said.

    It said Norman's term extension will be subject to an annual review by a committee of independent directors and no major change of circumstances.

    "There remains much to do, and Archie's deep knowledge of the business, drive and unique experience will be invaluable as we move to the next phase of the 'Reshaping for Growth' plan," Senior Independent Director Fiona Dawson said.

    (Reporting by James Davey in London and Raechel Thankam Job in Bengaluru and Sarah Young)

    Key Takeaways

    • •Marks & Spencer extends Archie Norman's tenure to 2029.
    • •Norman credited with M&S's recent performance revival.
    • •Extension has widespread shareholder support.
    • •Subject to annual review by independent directors.
    • •Part of M&S's 'Reshaping for Growth' plan.

    Frequently Asked Questions about Britain's M&S extends Archie Norman's tenure as chair to 2029

    1What is corporate governance?

    Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled. It encompasses the relationships among the stakeholders, including the board of directors, management, shareholders, and other parties.

    2What is a chairman?

    A chairman is the head of a company's board of directors. They are responsible for leading board meetings, ensuring effective governance, and representing the company to stakeholders.

    3What is a cyber attack?

    A cyber attack is a malicious attempt to damage, disrupt, or gain unauthorized access to computer systems, networks, or devices. These attacks can result in data breaches, financial loss, and reputational damage.

    4What is a term extension?

    A term extension refers to the prolongation of a person's tenure or contract duration in a specific role or position, often requiring approval from relevant stakeholders or governing bodies.

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