Marks & Spencer’s chairman Robert Swannell joins remuneration committee as SABMiller chairman Jan du Plessis steps down

Marks & Spencer chairman Robert Swannell is joining the high street giant's remuneration committee after a shake up of the non-executive board. 

 

The move has been prompted by the departure of SABMiller chairman Jan du Plessis, who is stepping down from the Marks & Spencer board today (March 4). 

 

Du Plessis, who has been ranked as one of the most powerful people in British business, and is also non-executive chairman of Rio Tinto, has been senior independent director since 2012, though he joined the M&S board in 2008. 

 

His departure was originally announced last August. 

 

Du Plessis is being replaced by Vindi Banga, chairman of the remuneration committee and non-executive director since 2012. 

 

Although Banga will continue in his current role, Swannell will join the remuneration committee with immediate effect. A replacement is being sought for Banga's non-executive duties. 

 

Swannell said: "On behalf of the M&S board, I would like to thank Jan for his outstanding commitment and contribution to M&S.  His insights and experience have been invaluable over the last seven years. We wish him well in his new appointment at SABMiller.”

 

 

In addition, Miranda Curtis is being appointed to the audit committee.