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LONDON - Marks and Spencer Group plc (LON:MKS) announced Monday that Non-Executive Director Ronan Dunne will step down from the company's board effective December 1, 2025.
Dunne, who has served on the M&S board since August 1, 2022, is leaving to focus on his interest in early-stage businesses, according to a company statement.
M&S Chairman Archie Norman praised Dunne's contribution to the retailer, noting his "professionalism and energy as well as experience of people and technological transformation."
"He has always had a passion for early stage businesses and tells me that is where he wants to spend his time," Norman said in the announcement.
Dunne described his tenure as "a pleasure" and said the timing aligns with the next phase of the company's "Reshaping for Growth" strategy.
"It's the right time for me to step back. It also means I can devote more time to supporting early stage growth businesses, which I'm passionate about," Dunne stated.
The announcement comes after M&S recently added two new non-executive directors to its board: Roger Burnley, former CEO of Asda, and Sean Doyle, CEO of British Airways.
The company made the announcement in accordance with UK Listing Rule requirements.
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