Saturday, July 22, 2017

Shazam! M&S adds tech nous to its board

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Marks and Spencer has announced the appointment of Andrew Fisher, former boss of music app Shazam, as non-executive director. 

Boosting its digital capabilities, the British retailer is replacing Lastminute.com founder Martha Lane Fox who left her position six months after being taking up a position at the House of Lords. She will step down from the M&S board in April after nine years with the company. 

Shazam recognises music and can quickly let device users know which song is currently playing. The app has been downloaded over 750m times and Fisher, its present chairman and former CEO, will now bring his digital expertise to M&S.  

The retailer has struggled with its internet offering recently. A £150m investment into a revamped website early last year proved difficult to navigate and subsequently resulted in an 8% fall in online sales. 

Fisher will come on the M&S board as of 1 Dec and also take a seat on the group’s nomination committee. 

Fisher joined Shazam as CEO in 2005, turning it into a global mobile service with users across 200 countries. M&S said Shazam is now one of the world’s top 20 apps. 

M&S Chief Exec Marc Bolland’s is working on turning the business into a multi-channel international retailer.

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