M&S lines up new chairman to replace Rose

City A.M. Reporter
Marks & Spencer is to name Robert Swannell as Sir Stuart Rose's successor as chairman, according to Sky News.

It said Swannell, currently a senior advisor of Citi Europe and chairman of HMV Group, the music and books retailer, would take up the role when Rose steps down next year.

A spokeswoman for M&S declined to comment on the report.