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Stuart Rose
From Wikipedia, the free encyclopedia
Stuart Rose (*1948) is the Chief Executive of Marks & Spencer.
Stuart Rose first joined Marks & Spencer in 1972, as a management trainee. Rose remained with Marks & Spencer until 1989, when he joined the Burton Group as Chief Executive in 1994. The Burton Group demerged forming the Arcadia and Debenhams businesses.
In 1997 he joined Argos as Chief Executive, where he was appointed to defend the company from a takeover bid from the catalogue giant, Great Universal Stores (GUS). GUS did however take control of Argos, but it has been reported that Rose succeeded in negotiating an increased price for the retailer.
In a turbulent time in its history, Rose became the Chief Executive of Booker plc, where he oversaw the merger of the company with Iceland.
Rose joined the Arcadia Group in 2000 as Chief Executive and left in 2002 following its acquisition. Rose turned around the fortunes of the Arcadia Group, and sold the group for over £800m, netting himself around £25m as part of the deal.
Appointed to the position of Chief Executive of Marks & Spencer in May 2004, Aged 56.
In recent years as Chief Executive of Marks & Spencer, Rose has fought off several takeover bids by Phillip Green for the Group. Rose appears to be rejuvenating the Marks & Spencer Group as he did at Arcadia.
In January 2007, Stuart Rose was named the "2006 Business Leader of the Year" by the World Leadership Forum for his efforts in restoring the fortunes of Marks and Spencer.