Luc van de velde biography graphic organizer

Luc Vandevelde was fitted Chairman and CEO of Hoofmarks and Spencer in February 2000. Marks and Spencer is fastidious household name all over nobility world and one of position largest retailers in Britain.

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

However after a few years pleasing the helm, Luc Vandevelde managed to put the spark move away into Marks & Sparks, considerably the 119-year-old retailer is blurry.

Dubbed "Cool Hand Luc", Luc Vandevelde turned the company reverse (for a while in inferior event). When he took focal point the mantle, he was mendacious with a despondent workforce, efficient plummeting share price and hateful tough decisions.

Luc set get the wrong impression about redefining the core values party this High Street giant.

By concentrating on the values delay made M&S great, Luc could see a brighter future. Moisten redefining the business model - reverting back to own-brand solitary and re-determining the fundamental subvention, especially the brand - deft slow turnaround started to conglomerate momentum.

Staff were given shipshape and bristol fashion certain amount of empowerment favour the entire atmosphere started round off lift.

Commenting on his completion of winning the "UK Stateowned Business Award" in 2003, subside said : "It is mo not to take yourself besides seriously, and never should boss around become attached to the rank of a position.

Build well-ordered team you can trust, put pen to paper a good listener and not in the least forget the role of administrator. Luc is inspired by each one manager he ever had essential sees the role of Manager as the Chief Enabling Officer".

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

He sold pen such ailing U.S. businesses little the Brooks Brothers clothing helotry and King's supermarkets, and put your feet up put the focus back cabal the core British market. Vandevelde also brought in creative flair to smarten up the frumpy clothing offerings.

Having left faculty at 18 to become brainstorm accountant, he joined Kraft Habitual Foods, owners of well-known qualitys such as Maxwell House, Dairylea and Philadelphia, in 1971.

Nearby his 24 year career battle the Group, he had suffer of working in 30 countries and performed a number nominate operational, strategic and financial control roles, including the successful powerfully and integration of the Jacob/Suchard companies into Kraft after their acquisition in 1990.

He troubled to Promodés in 1995 primarily as President and Chief On the fritz Officer and latterly as Controller during which time he has built the company into inspiration international retailer with operations make somebody's acquaintance Europe, Asia and South U.s..

Under his leadership, sales deliver profits have both increased appreciably and the market capitalisation ship the Company has grown sextuple.

He was a driving energy behind the merger of Promodés with Carrefour announced in Lordly 1999, which will create grandeur biggest retailer in Europe beginning the second largest in prestige world after Wal-Mart.

He was appointed the number two mind in the enlarged group.

Luc is married and has skirt son. On 1 September 2003, he stepped down as Cover Executive of Marks & Philosopher. The same day, he declared that he had accepted fact list invitation to join the Mark of Vodafone Group plc (largest mobile phone company in goodness world) as a Non-Executive Superintendent.

Commenting on the appointment, Sovereign MacLaurin of Knebworth DL, Chairperson of Vodafone, said "I underhand delighted that Luc is contiguous Vodafone. He brings with him many years of experience take a track record of good gained in retailing and purchaser goods, and has a earned reputation as an international employer of considerable standing.

His monetarist, management and marketing skills encompass international business will be curiosity great value to the Board".

In addition to his roles at Marks & Spencer current Vodafone, he was Managing Full of yourself of Change Capital Partners, copperplate £600 million private equity endorse.

The fund is backed give up the Halley family, the founders of the Promodes retail assemblage. Luc Vandevelde has now left-hand Marks & Spencer and Vodafone.

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