Stuart Rose joins board of MMN

Steve Dinneen
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FORMER M&S boss Stuart Rose has joined the board of mobile payments firm Mobile Money Network (MMN) as non-executive chairman.

MMN is a joint venture between mobile payments company Monitise and Carphone Warehouse owner Best Buy Europe.

The firm also announced former Standard Chartered boss Lord Davies of Abersoch will join Carphone Warehouse founder Charles Dunstone on the board.

MMN aims to lead the way in providing mobile payment technology for smartphone users.

Rose has been ramping up his interests since leaving the retailer in January. Last year he joined the advisory board of private equity giant Bridgepoint, which owns Pret A Manger and Fat Face.

He has also been mooted as a possible chairman for companies as diverse as Formula One and online group The Hut.

During his tenure at M&S he attracted criticism for accepting a role as both chairman and chief executive, as well as for his £4.3m pay package.