Sir David Michels to quit M&S

Marks & Spencer is undergoing a boardroom reshuffle, with deputy chairman Sir David Michels and non-executive director Lady Patten both stepping down. Michels, who has served five years on the board, will leave after his term ends in February while Patten, who has been with M&S since 2006, will go after the firm’s annual meeting in the summer. M&S said it has appointed a senior executive from Mars and a director from John Lewis.