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| Marks and Spencer clothing boss John Dixon quits | Marks and Spencer clothing boss John Dixon quits |
| (about 9 hours later) | |
| John Dixon, the head of Marks and Spencer's non-food division, has quit after 26 years at the retailer. | John Dixon, the head of Marks and Spencer's non-food division, has quit after 26 years at the retailer. |
| He took over running the clothing and homewares business in 2012 after starting out on the shop floor. | He took over running the clothing and homewares business in 2012 after starting out on the shop floor. |
| M&S has battled to revive the division, most recent figures showed like-for-like sales down 0.4% in the quarter, in contrast, food sales were up 0.3%. | M&S has battled to revive the division, most recent figures showed like-for-like sales down 0.4% in the quarter, in contrast, food sales were up 0.3%. |
| Mr Dixon had been regarded as a contender to become M&S chief executive if Marc Bolland decides to leave. | Mr Dixon had been regarded as a contender to become M&S chief executive if Marc Bolland decides to leave. |
| However, Steve Rowe, the head of food, is said to be a more likely successor. | However, Steve Rowe, the head of food, is said to be a more likely successor. |
| Mr Rowe will now assume responsibility for the non-food business, while Andy Adcock steps up to become director of food. | Mr Rowe will now assume responsibility for the non-food business, while Andy Adcock steps up to become director of food. |
| Retal analyst Nick Bubb said: "It is a shame that John is leaving, but it looks as if he was moving down the internal pecking order at M&S, having been given the thankless task of running M&S clothing. | Retal analyst Nick Bubb said: "It is a shame that John is leaving, but it looks as if he was moving down the internal pecking order at M&S, having been given the thankless task of running M&S clothing. |
| "It remains to be seen how far the current M&S food boss Steve Rowe, the internal favourite to replace Marc Bolland as CEO in due course, will be handicapped by taking on John's difficult job." | "It remains to be seen how far the current M&S food boss Steve Rowe, the internal favourite to replace Marc Bolland as CEO in due course, will be handicapped by taking on John's difficult job." |
| Before running general merchandise, Mr Dixon had revived the fortunes of the company's food division. | Before running general merchandise, Mr Dixon had revived the fortunes of the company's food division. |
| He said he had "thoroughly enjoyed" his time at M&S. "I now have the opportunity to become a chief executive and have therefore resigned from this great company," he said. | He said he had "thoroughly enjoyed" his time at M&S. "I now have the opportunity to become a chief executive and have therefore resigned from this great company," he said. |
| Mr Bolland and M&S chairman Robert Swannell both thanked Mr Dixon for his contribution to the business. | Mr Bolland and M&S chairman Robert Swannell both thanked Mr Dixon for his contribution to the business. |
| Mr Dixon's total remuneration in 2014-15 was £1.1m, up from £939,000 in 2013/14. | Mr Dixon's total remuneration in 2014-15 was £1.1m, up from £939,000 in 2013/14. |
| Shares in M&S closed lower on Friday, slipping 6.5p, or 1.2%, to 539.5p. | |
| Its shares have risen by more than a quarter over the past 12 months. | Its shares have risen by more than a quarter over the past 12 months. |