M&S explores the possibility of prolonging Archie Norman's chairmanship, according to FT.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2025
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Source: Reuters
Chairman's Tenure Consideration: Marks & Spencer is contemplating extending Archie Norman's chairmanship beyond the UK's recommended nine-year limit, following a significant cyber attack that has impacted the company's profits.
Impact of Cyber Attack: The cyber attack, attributed to the hacker group DragonForce, compromised customer data and led to a suspension of click and collect orders for nearly four months, costing M&S approximately £300 million in gross profit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
