Steve Rowe, who became CEO of M&S on April 2, 2016, will stand down after six years in the role. Rowe will step down from the board effective May 25, 2022, as part of a planned succession program.After stepping down, he will be ceasing full-time employment with the business at the AGM on July 5, 2022. However, his role at Marks & Spencer won't be immediately finished, as he will guide and advise the new leadership for the next 12 months after stepping down.M&S News@MandSnewsWe’ve appointed a strong new leadership team to accelerate the progress of our transformation. Following the announcement that Steve Rowe will stand down as CEO of M&S, we’re moving to implement our planned succession process: tinyurl.com/jcur34jh7:54 AM · Mar 10, 2022252We’ve appointed a strong new leadership team to accelerate the progress of our transformation. Following the announcement that Steve Rowe will stand down as CEO of M&S, we’re moving to implement our planned succession process: tinyurl.com/jcur34jh https://t.co/XE84teWemJSteve Rowe will pass his baton to Stuart Machin and Katie Bickerstaffe, the co-CEOs leading their respective teams. Stuart will be the new CEO leading food distribution while Katie will focus on digital data, taking the reins as co-chief exec.According to a press release made by the company, this decision has been made in accordance with the legal requirements of the 9.6.11 UK Listing Rules.More about Steve Rowe at the M&S retailM&S News@MandSnewsSteve Rowe is to pass on the baton after 6 successful years as CEO of M&S and will stand down at our preliminary results on 25 May as part of our planned succession programme: tinyurl.com/bdwp7ua47:51 AM · Mar 10, 2022131Steve Rowe is to pass on the baton after 6 successful years as CEO of M&S and will stand down at our preliminary results on 25 May as part of our planned succession programme: tinyurl.com/bdwp7ua4 https://t.co/V09Rbv50nNSteve has over 30 years of experience with consumer and retail brands at the M&S leadership team. He joined the company in 1983 at the Croydon store, directly from school at the age of 15.In 1985, Rowe became a store manager at TopShop, and later in 1989, he re-joined M&S.In 2004, Steve became the Director of New Business and Home after progressing through management, buying, and merchandising roles. In 2008, he became a member of the executive committee and Director of Retail, and under his accountabilities, expanded to include the online business M&S.com in 2009.In 2012, he further expanded his capabilities by becoming a Board member as the Executive Director of Food in 2012 and Executive Director of General Merchandise in July 2015.M&S News@MandSnewsOn today’s announcement that Steve Rowe will stand down as the CEO of M&S, Archie Norman, Chairman of M&S, said:7:52 AM · Mar 10, 2022101On today’s announcement that Steve Rowe will stand down as the CEO of M&S, Archie Norman, Chairman of M&S, said: https://t.co/QB1OdloVzgSteve rose through multiple ranks and served in numerous leadership roles before taking his final step to take over as Chief Executive Officer on April 2, 2016., This was soon after he became the Director of Ocado Retail Limited and acquired 50% of the company.Steve Rowe commented on the pace of the change in a press release made by the company, saying:"It has been an enormous privilege to lead the business I love and have spent almost all my career working for. Leaving will be, in many ways, very difficult for me, but I feel that after six hard years, it is the right time to pass on the baton. I am enormously grateful for the support I have had in driving through the extraordinary transformation program of the last few years from shareholders, the Board, but most of all the many thousands of colleagues in the business."Steve Dresser@dressermanA good move for M&S to have that continuity with Stuart Machin & Katie Bickerstaffe leading their respective teams as joint CEO's. Steve Rowe has done an admirable job of steadying things and solving some of the property work too.8:39 AM · Mar 10, 20224A good move for M&S to have that continuity with Stuart Machin & Katie Bickerstaffe leading their respective teams as joint CEO's. Steve Rowe has done an admirable job of steadying things and solving some of the property work too.Steve further discussed his love for the company and the time he spent there, saying:"A piece of my heart will always remain with the M&S family, and I feel that we have done many of the hard yards to restore the business to what it should be. I'm proud that I am leaving a very strong team that will lead it into the next growth phase. I wish them every success," added Steve.M&S has gone through many changes, and during his tenure, Steve oversaw a remarkable period of changes in management and organization structure. Rowe is leaving a powerful leadership team and a digital, faster, commercial business closer to the front line and customers.