Saturday, 26 December 2015

Marks & Spencer executive has decided maternity leave from four months to a full year.

business correspondent,London(wp/es:) A top Marks & Spencer executive has decided to extend her maternity leave from four months to a full year. Laura Wade-Gery, who runs the multi-channel division, will now return on September 1 instead of early January. Until her return finance chief Helen Weir will maintain responsibility for e-commerce distribution, and Sacha Berendji,director of retail, and David Walmsley, director of M&S.com, will continue to report to Chief Executive Marc Bolland. M&S said in August that Wade-Gery, 50, would spend four months on maternity leave. The announcement made national headlines, raising questions about equality in the workplace. Wade-Gery has been widely tipped to fill chief executive Marc Bolland's shoes when he eventually departs the retailer, though her star waned somewhat last year when M&S's new online platform got off to a shaky start. Shares in M&S have fallen 12% over the last month on Christmas trading concerns. A second poor Christmas in a row is expected to put Bolland's position into question after five years in the job. The firm is due to publish a third-quarter trading update on January 7.

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