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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/stuart-rose-to-relinquish-ms-helm.jpg"><img class="alignnone size-full" title="Sir Stuart Rose will step down as chairman of Marks &#038; Spencer on Tuesday" src="http://londonglossy.com/wp-content/uploads/2011/01/min-stuart-rose-to-relinquish-ms-helm.jpg" alt="Sir Stuart Rose will step down as chairman of Marks &#038; Spencer on Tuesday"/></a></p>
<p>Sir Stuart Rose will step down as chairman of Marks &#038; Spencer on Tuesday, bringing his six-year tenure with the high street giant to a close.</p>
<p>The 61-year-old has had an eventful leadership, attracting both praise and criticism since he joined the retailer in 2004.</p>
<p>Sir Stuart was revered for steering the firm to profits of £1 billion in 2008, but was vilified for taking on the dual role of chairman and chief executive, and over excessive boardroom pay.</p>
<p>Former City banker Robert Swannell, who was a lead adviser to M&#038;S in the defence against retail tycoon Sir Philip Green&#8217;s takeover bid in 2004, will replace Sir Stuart as chairman, while former Morrisons boss Marc Bolland continues as chief executive, after joining the firm in May.</p>
<p>Sir Stuart will take on an advisory role at private equity firm Bridgepoint after his departure.</p>
<p>Sir Stuart brought in key talent to drive a revival of M&#038;S clothing ranges after taking up the helm and commissioned advertising campaigns, featuring the likes of supermodels Twiggy, Erin O&#8217;Connor and singer Myleene Klass.</p>
<p>But his role, combining chairman and chief executive, raised the ire of many investors as it breached corporate best practice.</p>
<p>M&#038;S&#8217;s rocky ride under his leadership can be tracked by its share price &#8211; which lifted from the 277p he inherited to 759p in 2007, before the downturn chopped it back to 369p last Friday.</p>
<p>Sir Stuart&#8217;s own M&#038;S journey started in 1972 when he began his retail career as a management trainee.</p>
<p>Following his &#8220;apprenticeship&#8221; at M&#038;S, he worked with a number of high-profile retailers including the Burton Group, Debenhams and Dorothy Perkins.</p>
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