British retailer Marks & Spencer (M&S) is to see more change to its senior management.
Sky News' City editor Mark Kleinman reported that Pascal Martin, the executive responsible for the 120 M&S stores in Asia, is to leave next month, having been with the company only since 2011. His replacement, says Sky, is Bruce Findlay, who has management experience from Calvin Klein and Tommy Hilfiger.
In a statement issued to Sky News, an M&S spokeswoman confirmed the changes, saying:
We can confirm that Pascal Martin is leaving M&S at the end of October to pursue new opportunities outside of the business. We’d like to thank Pascal for his contribution over the last couple of years and wish him well for the future.
We are pleased to announce the appointment of Bruce Findlay as Regional Director, Asia. Bruce has extensive international retail experience.
M&S does not typically provide sales figures for each market covered by its international division, although it said in May that annual full-year sales had grown by 11.3%, with China and India showing double-digit like-for-like sales growth.