As part of a planned succession program, Rowe will be replaced by two co-CEOs, Stuart Machin and Katie Bickerstaffe.
He also took M&S Food online for the first time through the Ocado Retail joint venture, closed more than 60 stores and rebuilt profitable growth in the international business.
“I’m proud that I am leaving a very strong team who will lead it into the next growth phase. I wish them every success.”that Rowe took over in 2016 “was in parlous shape, and throughout my tenure Steve has been fearless in facing into the challenges, and has delivered massive progress. He leaves a very strong team to take the business forward.”
The retailer said Machin will continue to have oversight of his current portfolio of responsibilities, which includes the leadership of the food business, as well as operations, property, store development and technology.
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