Will Marks & Spencer management change hamper profit recovery?

Co-chief executive Katie Bickerstaff is retiring after the Marks & Spencer (LON: MKS) AGM on 10 July and this could spark a change in the management structure of the retailer. The share price has risen strongly in the two years she has held the role. Is there potential for it to go higher?

Stuart Machin remains as chief executive and Rachel Higham is joining as chief information officer, which covers some of the responsibilities of Katie Bickerstaff.

This comes at a time when profit recovery is gaining momentum. In the year to March 2024, underlying pre-tax profit is set to jump fro...

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