M&S Chief’s Pay Rises to £4.7 Million as Turnaround Bears Fruit
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Marks & Spencer Group Plc’s chief executive officer pay rose by about £2 million ($2.6 million) last year as the UK retailer’s turnaround progressed.
CEO Stuart Machin’s remuneration increased from £2.7 million in 2022-23 to £4.7 million in 2023-24, according to the British clothing, home and grocery chain’s annual report, published Monday. His package was boosted by a rise of almost half a million pounds in his bonus.