High street stalwart Marks & Spencer (M&S) has confirmed the appointment of former Tory MP Archie Norman as its new non-executive chairman.
Norman will officially start his new role as of 1 September and will succeed Robert Swannell who will retire from the board on that date.
He brings with him a breadth of experience with an extensive track record in retail and brands. He was instrumental in transforming a number of major British businesses including Kingfisher, Asda and Energis.
Norman is an experienced chairman and board director having served as chairman of ITV, Lazard London and Hobbycraft. In 2016 he was appointed by the Department for Business, Energy and Industrial Strategy as its lead non-executive board member.
Norman said: "I am looking forward to taking on the role of the chairmanship of Marks & Spencer as the business under Steve Rowe's leadership faces into the considerable challenges ahead in a rapidly changing retail landscape."
Robert Swannell, M&S chairman, added: "I am delighted that Archie, with his deep, relevant experience is to be M&S's next chairman.
“It has been a real privilege to have served as chairman and to have worked with so many exceptional people who are so passionate about this great business.
“With the appointment of Steve Rowe in 2016, I am confident that we have an excellent team, well-equipped to grow and strengthen the business.
"I wish them all the very best for the future."