// Marks & Spencer appoints the former head of the global consumer team at Permira, Cheryl Potter to its board
// During her 20-year career a Permira she built a “highly successful track record as an investor and steward of portfolio companies”, according to the department store retailer
Marks & Spencer has named Cheryl Potter, former head of the global consumer team at private equity firm Permira to its board as a non-executive director, effective from 1 March 2023.
During Potter’s 20-year career at Permira – a global private equity firm with €75bn assets under management, she built a “highly successful track record as an investor and steward of portfolio companies” M&S said, working with management teams to build better businesses.
As well as leading the global consumer practice she served on the boards of brands including Dr Martens, Allegro, Homebase and Birds Eye.
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M&S Chairman Archie Norman said: “I am delighted that a superstar of the private equity world is joining us at M&S. She brings enormous energy, passion and a strong shareholder value focus to the Board, as well as a great track record as a role model and advocate of women in leadership”.
Potter will join the Nomination Committee at the same time as joining the board.
Last week M&S launched The Sports Edit on its website having snapped up the fast-growing platform at the start of 2022.
The move is part of the retailer’s ‘Brands at M&S’ strategy and ongoing investment into growth categories.
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