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Stuart FL Dental Care - Stuart Dentist - Stuart Dentistry - Stuart stuartdentalcare.com |
For the American retail executive with a similar name, see Stuart Alan Rose.
Sir Stuart Alan Ransom Rose (born 17 March 1949, Gosport, Hampshire) is the executive chairman of the British retailer Marks & Spencer. For this role he is paid an annual salary of £1,130,000.[1]. He was knighted in 2008.
[edit] Early lifeRose’s grandparents were White Russian émigrés who fled to China after the 1917 revolution. Their son, Rose's father, was unofficially adopted by an English Quaker spinster, who offered to take him to safety in England as war loomed. The original family name was Bryantzeff, which Rose's father, ex-RAF and civil servant, changed.[2] His mother's side is Greek[3]. The young family lived in a caravan in Warwickshire until Rose senior obtained a posting with the Imperial Civil Service in Tanganyika (now Tanzania). Rose went to the Roman Catholic St Joseph's Convent School in Dar es Salaam until he was 11. When he was 13 years old his family returned to England and his parents sent him to Bootham School, an independent Quaker boarding school in York.[4] His first job was as an administration assistant at the BBC. [edit] CareerRose 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[citation needed] 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 to form the Big Food Group. 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. He was appointed to the position of Chief Executive of Marks & Spencer in May 2004 at the age of 56 and subsequently fought off several takeover bids by Philip Green for the Group. Rose appeared to be rejuvenating the Marks & Spencer Group as he did at Arcadia. In January 2007, he 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. He was knighted in the 2008 New Year Honours and was appointed President of Business in the Community on 1 January 2008. On 10 March 2008, it was reported that Rose will become Executive Chairman of Marks & Spencer from 1 June 2008.[5] However, in the light of a recent profits warning, which sparked an unprecedented thirty per cent-plus plunge in the company's shares, this appointment has caused some concern to many shareholders.[6]. Nevertheless, they voted to re-appoint him at their annual meeting on 9 July 2008. [edit] Marks & Spencer's 'plan A' policyAs the company chairman, Rose is personally committed to further promoting green issues and the recycling of plastic bottles at Marks & Spencer's. He has also pledged to reduce non-glass wastage by 25% and plastic carrier bag usage by 33% in the near future.[7] [edit] Personal lifeWhen Rose was 26 years old his mother committed suicide at the age of 49 years by taking an overdose combined with alcohol. She had a history of depression. He sees his elderly father every month for lunch out.[4] Rose lives in central London and Suffolk. He married Jennifer Cook in 1973 in St Marylebone and, although they have a son and daughter they are divorced. [edit] References
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