Sir David Michels rules out becoming M&S chairman

By James Hall, Retail Editor Published: 6:15AM GMT 03 March 2010

Marks & Spencer Group

Sir David was seen as one of the expected possibilities to reinstate Sir Stuart, who is due to step down as authority by the summer of 2011 at the latest. However, Sir David pronounced that his alternative commitments meant he would not have enough time to persevere to the role.

As well as being M&Ss emissary chairman, he is comparison non-executive senior manager of easyJet, authority of Chez Grard-owner Paramount Restaurants, and a house part of of Strategic Hotels and Resorts and Jumeirah Hotels. He has additionally set up a hotels item government commercial operation called Michels & Taylor.

Sir David said: "I have motionless that I am not going to mount as impending authority of Marks & Spencer. The pursuit of authority of M&S is at slightest 3 days a week and with all my alternative commitments I do not have enough time to persevere to it."

Despite his decision, Sir David is expected to outlay an additional integrate of years on M&Ss board, that he assimilated in 2006. As authority of the nominations committee, he will additionally fool around a key purpose in appointing the new chairman.

M&Ss subsequent authority is right away rarely expected to be an outsider. After a scattered couple of years at boardroom level, shareholders could acquire this outcome.

Sir Stuart has not ruled out withdrawal M&S prior to subsequent summer early 2011 has been mooted by a little observers. Marc Bolland, the former Wm Morrison boss, joins M&S as arch senior manager in May.