Stuart Rose set to join Bridgepoint

Steve Dinneen
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OUTGOING Marks & Spencer boss Sir Stuart Rose will join private equity group Bridgepoint as an adviser, the firm will announce today.

The controversial M&S chairman will take a place on the Bridgepoint advisory committee, which is chaired by former chief secretary to the treasury Alan Milburn.

A Bridgepoint spokesman told City A.M. Rose is joining “an interesting group of other distinguished personalities” on the committee, including a former French finance minister.

The move will surprise analysts who expected the colourful figure to return to a top job at a listed company.

He attracted criticism for accepting a role as both chairman and chief executive, as well as for his £4.3m pay package. He will leave the retailer on 4 January next year. M&S last month named veteran City heavyweight Robert Swannell as Rose’s successor as chairman. He will join the board on 4 October as a non-executive director and become non-executive chairman on 4 January.

Former boss of Wm Morrison Marc Bolland succeeded Rose as chief executive in May.