Marks and Spencer appoint non-exec Director
Cheryl Potter, former head of the global consumer team at private equity firm, Permira, will join the board of M&S as a Non-Executive Director effective from 1 March 2023.
During Potter’s 20-year career at Permira – a global private equity firm with €75bn assets under management – she built a highly successful track record as an investor and steward of portfolio companies, working with management teams to build better businesses.
As well as leading the global consumer practice she served on the boards of scale retail and consumer facing brands, including Dr Martens, Allegro, Homebase and Birds Eye.
Potter has also been a passionate advocate for women in leadership, as both a founding Patron of The Prince’s Trust Women Supporting Women scheme and as the current Chair of Level 20, a not-for-profit organisation focused on getting more women into senior investing roles in the Private Equity industry.
M&S Chairman Archie Norman said “I am delighted that a superstar of the private equity world is joining us at M&S. She brings enormous energy, passion and a strong shareholder value focus to the Board, as well as a great track record as a role model and advocate of women in leadership”.
Potter will join the Nomination Committee at the same time as joining the board.