Rose to stay on at M&S until 2011

Marks & Spencer boss Stuart Rose today pledged to stay with the retail giant until July 2011.

Rose pledged to remain with the group as he announced a sweeping management overhaul, which will see him move up from chief executive to become executive chairman.

Terry Burns will stand down from his position as non-executive chairman amid the boardroom reshuffle, which will also see director of retail Guy Farrant leave after 30 years at the firm.