Former Cadbury chairman Roger Carr has ruled himself out of the running to succeed Sir Stuart Rose (pictured) as chair of Marks & Spencer.
Carr had been touted as a possible contender to join Marc Bolland at the helm of M&S but is now thought to be concentrating on other opportunities. The retailer plans to have identified Sir Stuart’s successor ahead of its AGM in July.
The news comes with M&S tipped to announce a rise in profits of around 5% for the past year.
The high street icon delivers its latest annual results tomorrow, with profits expected to have climbed to £632m.
M&S unveils £800m plan to plug pension black hole (13 May 2010)
Pennycook fails to quell M&S move speculation (8 May 2010)
Carr blames hedge funds for Cadbury sale (10 February 2010)
Cadbury top brass confirm exit as finance chief Bonfield walks (3 February 2010)