Thinus Keeve is new M&S retail director
M&S is still reeling from its cyberattack but aside from the work going on to counter that, it's business as usual elsewhere. And part of that is a focus on key roles within the firm.
It has just announced the creation of a new one — retail director — with Thinus Keeve taking up the post as of 6 June.
Reflecting M&S's increasing importance in the UK supermarkets space, his background includes Australian supermarket Coles, where he was chief sustainability, property & export officer until mid-2022. It was the last of several roles he held at the business from 2010, including director of its commercial property operations.
But he's not just about foods and more recently he led Australian natural beauty company BWX Limited. And he's an investor in NanoCap Collective, a group of 'independent investors dedicated to discovering high-quality businesses for fractional investment'.
Having spent most of his career in Australia, it will clearly be a big change moving into the UK retail sector. But this isn't a case of moving from a small company to a larger one — after all the market value of Coles is currently A$29 billion (£22 billion) while M&S's market value is 'only' just under £8 billion.
M&S CEO said Keeve will 'have accountability for' all M&S stores across the UK and Republic of Ireland, as well as central store operations.
After an initial month immersing himself in the business, he'll join the executive committee in July.
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