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33
ANNUAL REPORT AND FINANCIAL STATEMENTS 2016
FINANCIAL STATEMENTS OUR BUSINESSOUR PERFORMANCEGOVERNANCE
Richard Solomons
Non-Executive Director
Appointed: April 2015
Skills, competence and experience:
Richard brings strong commercial,
fi nancial, consumer, branding and
global experience to the Board.
His extensive international retail,
and global consumer experience,
and role as a CEO of an international
business provides valuable insight
to the Board. During his career at
IHG, Richard was integral in shaping
and implementing IHG’s asset-light
strategy, which has helped the
business grow signifi cantly since
it was formed in 2003, as well as
supporting the return of $10.4bn
to shareholders.
Other roles: Chief Executive of
IHG, Governor of the Aviation
Travel Industry Group of the World
Economic Forum, Member of the
Industr y Real Estate Financing
Advisory Council.
Andrew Fisher
Non-Executive Director
Appointed: December 2015
Skills, competence and experience:
Andrew has substantial experience
of the international consumer and
technology sectors, and has led the
successful grow th of a number of
technology-focused enterprises
over the past 18 years. He is currently
Executive Chairman of Shazam
Entertainment Limited, having
previously served as Chief Executive
O cer since 2005. Prior to that,
Andrew was European Managing
Director of Infospace Inc and founder
and Managing Director of TDLI.com.
He is a member of the Advisory Board
to the Secretary of State for the
Review of the BBC Charter.
Other roles: Executive Chairman
of Shazam Entertainment Limited,
Non-Executive Director of
MoneySupermarket.com Group plc.
Amanda Mellor
Group Secretary and
Head of Corporate Governance
Appointed: July 2009
Other roles: Non-Executive Director
of Kier Group plc.
Marc Bolland
Chief Executive
Retired: 2 April 2016. Marc stepped
down on 2 April 2016 after six years
as Chief Executive. He remains
available to the Board to assist in
the transition until 30 June 2016.
John Dixon
Executive Director, GM
Resigned: 16 July 2015. After
29 years with M&S, John stepped
down in July 2015 to pursue new
career opportunities outside of
the Company.
Martha Lane Fox
Non-Executive Director
Retired: 2 April 2016. In line with best
practice, Martha chose not to seek
re-election at the AGM following
completion of her third three year
term and retired from the Board
on 2 April 2016.
GROUP SECRETARY
RETIREMENTS IN 2015/16
Laura Wade-Gery
Executive Director, Multi-channel
Appointed: July 2011
Skills, competence and experience:
Laura brings considerable retail,
e-commerce and customer
experience, gained from over 15 years
in senior roles in the retail sector.
Laura has been instrumental in the
improvement and modernisation
of our e-commerce and multichannel
capabilities, which she continues
to lead. In July 2014, Laura’s role was
expanded to include responsibility
for UK stores to provide greater
oversight and a fully integrated
approach to M&S’s multi-channel
strategy. Laura is currently on
maternity leave and is due to return
in September 2016.
Other roles: Non-Executive Director
of British Land, Trustee of Royal
Opera House Covent Garden Limited,
Trustee of Aldeburgh Music.
FIND OUT MORE
See p34 for Board roles and responsibilities
See p34 for Governance and Board structures See p36-37 for Board activities in 2015/16
NON-EXECUTIVE
DIRECTOR TENURE
SECTOR EXPERIENCE
INTERNATIONAL
EXPERIENCE
Nomination
Audit
N
A
R
CC
The tables and graphics below
provide a visual outline of our
Board’s diversity in terms of
gender, range of experience
and length of tenure. More
information on our Board
Diversity Policy can be found
on page 41.
Full biographical details of
each director are available on
marksandspencer.com/thecompany
BOARD DIVERSITY
KEY TO COMMITTEES
Female
Male
Female
Male
Female
Male
Female
Male
Female
Male
Female
Male
60%
40%
50%
50%
64%
36%
71%
29%
62%
38%
62%
38%
NON-EXECUTIVE
GROUP BOARD GROUP BOARD
2 Apr
i
l 2016
(As at
year end)
24 May 2016
(As at date of
Annual Report)
EXECUTIVE
NON-EXECUTIVE
EXECUTIVE
RETAIL
91% 100%
55% 46%
CONSUMER
FINANCE E-COMMERCE
& TECHNOLOGY
91%
1
1
00%
55
5%
46
6%
0-1 YEAR 16 . 6 6 %
(1 DIRECTOR)
1-3 YEARS 16 . 6 6 %
(1 DIRECTOR)
3-6 YEARS 66.66%
(5 DIRECTORS)
Remuneration
Committee
Chair
GENDER DIVERSITY
N R N A