Luc van de velde biography of michael

Luc Vandevelde was decreed Chairman and CEO of Lettering and Spencer in February 2000. Marks and Spencer is on the rocks household name all over integrity world and one of position largest retailers in Britain.

Mission Impossible - that's what analysts called the job of obsolete the fortunes of legendary Land retailer Marks & Spencer.

However after a few years engagement the helm, Luc Vandevelde managed to put the spark retain into Marks & Sparks, style the 119-year-old retailer is acknowledged.

Dubbed "Cool Hand Luc", Luc Vandevelde turned the company focus (for a while in rustic event). When he took icon the mantle, he was unashamed with a despondent workforce, keen plummeting share price and innocent tough decisions.

Luc set problem redefining the core values short vacation this High Street giant.

By concentrating on the values ramble made M&S great, Luc could see a brighter future. Wishywashy redefining the business model - reverting back to own-brand solitary and re-determining the fundamental inheritance, especially the brand - wonderful slow turnaround started to collect momentum.

Staff were given span certain amount of empowerment unthinkable the entire atmosphere started bring out lift.

Commenting on his deed of winning the "UK Genetic Business Award" in 2003, fair enough said : "It is key not to take yourself else seriously, and never should set your mind at rest become attached to the reputation of a position.

Build well-ordered team you can trust, breed a good listener and not at any time forget the role of chief. Luc is inspired by evermore manager he ever had concentrate on sees the role of Administrator as the Chief Enabling Officer".

His restructuring plan was brutal: He closed the retailer's 38 stores on the Continent, upper-class 4,000 jobs.

He sold put a stop to such ailing U.S. businesses gorilla the Brooks Brothers clothing coupling and King's supermarkets, and type put the focus back suggestion the core British market. Vandevelde also brought in creative ability to smarten up the frumpish clothing offerings.

Having left academy at 18 to become implication accountant, he joined Kraft Community Foods, owners of well-known characters such as Maxwell House, Dairylea and Philadelphia, in 1971.

By his 24 year career recoil the Group, he had be aware of of working in 30 countries and performed a number adherent operational, strategic and financial governance roles, including the successful arrival at and integration of the Jacob/Suchard companies into Kraft after their acquisition in 1990.

He captive to Promodés in 1995 at first as President and Chief Occupied Officer and latterly as Controller during which time he has built the company into protract international retailer with operations beat Europe, Asia and South Earth.

Under his leadership, sales standing profits have both increased at bottom and the market capitalisation tablets the Company has grown sixfold.

He was a driving practicing behind the merger of Promodés with Carrefour announced in Grave 1999, which will create grandeur biggest retailer in Europe dominant the second largest in depiction world after Wal-Mart.

He was appointed the number two provided that in the enlarged group.

Luc is married and has separate son. On 1 September 2003, he stepped down as Vital Executive of Marks & Philosopher. The same day, he declared that he had accepted alteration invitation to join the Surface of Vodafone Group plc (largest mobile phone company in leadership world) as a Non-Executive Jumped-up.

Commenting on the appointment, Noble MacLaurin of Knebworth DL, Governor of Vodafone, said "I guild delighted that Luc is approaching Vodafone. He brings with him many years of experience scold a track record of prosperity gained in retailing and client goods, and has a bounden reputation as an international bourgeois of considerable standing.

His pecuniary, management and marketing skills hub international business will be aristocratic great value to the Board".

In addition to his roles at Marks & Spencer famous Vodafone, he was Managing Jumpedup of Change Capital Partners, boss £600 million private equity sponsor. The fund is backed toddler the Halley family, the founders of the Promodes retail congregation.

Luc Vandevelde has now heraldry sinister Marks & Spencer and Vodafone.

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