M&S non-exec to leave in summer

Marks & Spencer has announced that nonexecutive director Richard Solomons will stand down from the board with effect from July.

Solomons has been on the M&S board for three years and he leaves the high street stalwart after the FTSE 100 heavyweight reported a 62 per cent drop in annual pre-tax profit last week. The retaileralsoannounced the closing of some 100 stores by 2022.