Steve Rowe (businessman) explained

Steve Rowe
Birth Name:Stephen Joseph Rowe
Nationality:British
Occupation:Former CEO, Marks & Spencer

Stephen Joseph Rowe (born July 1967) is a British businessman and former CEO of Marks & Spencer from April 2016 to 2022.[1]

Early life

Stephen Joseph Rowe was born in July 1967.[2] He is from Croydon.[3] His father, Joe Rowe also worked for M&S, where he was head of food, and a main board director.[3]

Career

Rowe has spent almost his entire career at Marks & Spencer, starting in Croydon working on Saturdays, aged 15.[3]

Aged 18, Rowe joined Topshop as a trainee, and soon became a store manager, but returned to M&S, "frustrated with the lack of career development at the company".[4]

On 7 January 2016 it was announced that Marc Bolland, who was CEO since 2010 would step down on 2 April 2016, and be replaced by Rowe, who was then head of clothing, and had previously been head of the food business.[5]

On 2 April 2016, he became the CEO of M&S.<ref>News: Zoe Wood . New M&S boss Steve Rowe faces baptism of fire as sales fall | Business . . 1 January 1970 . 4 April 2016. In March 2022 it was announced that Rowe would step down as CEO being replaced by COO Stuart Machin.[6] Rowe officially left the company in July 2022 after 37 years.[7] He was awarded a final £1.6 million pay package.

Personal life

Rowe is a "diehard Millwall fan".[4] He lives in Purley.[8]

Notes and References

  1. News: Hotten . Russell . Shareholder revolt at £1.6m bonus awarded to M&S chief Steve Rowe . en . 2022-07-06 . 0140-0460.
  2. Web site: Stephen Joseph ROWE - Personal Appointments (free information from Companies House) . Beta.companieshouse.gov.uk . 4 April 2016.
  3. Web site: Steve Rowe: Everything you need to know about the man replacing Marc Bolland at Marks & Spencer . City A.M. . 7 January 2016 . 4 April 2016.
  4. News: Chris Green . Marks & Spencer names Steve Rowe as new chief executive | Business News | News . https://ghostarchive.org/archive/20220525/https://www.independent.co.uk/news/business/news/marks-spencer-names-steve-rowe-as-new-chief-executive-a6801316.html . 25 May 2022 . subscription . live . . 7 January 2016 . 4 April 2016.
  5. News: Butler. Sarah. Kollewe. Julia. M&S boss Marc Bolland to step down. 7 January 2016. The Guardian. 7 January 2016.
  6. Web site: 2022-03-10 . M&S boss Steve Rowe to step down after close to 40 years with retailer . 2022-04-03 . the Guardian . en.
  7. News: 2022-07-05 . M&S Investors Revolt Over Pay for Outgoing CEO Steve Rowe . en . Bloomberg.com . 2022-07-06.
  8. Web site: Daniel O'Mahony . Croydon businessman Steve Rowe appointed Marks and Spencer chief executive after joining company as 15-year-old Saturday boy (From Croydon Guardian) . Croydonguardian.co.uk . 7 January 2016 . 4 April 2016.

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