Executive Summary

• Marks & Spencer (M&S) announced that it has appointed retail veteran Stuart Machin to the newly created role of Managing Director of Food.
• Machin is currently Group CEO of Steinhoff UK. He previously held management positions at grocery chains Coles Supermarkets, Asda, Tesco and Sainsbury’s.
• Machin’s appointment will support M&S’s ambition to reposition its food business by offering lower prices, better availability and more products that families buy during their regular grocery shopping trips.