Derek Rayner, Baron Rayner

He began working for M&S in 1953 as a management trainee[1] and became the first chief executive outside the founding families of the company.

He also introduced strict financial controls, refurbishment of the larger stores and additional expansion.

His tight financial controls and strong management practices at M&S led to him working for the British Government headed by Edward Heath, serving in a variety of posts.

[1] He also advised Margaret Thatcher on improving Government efficiency, including reducing the number of meetings officials held.

In 1973 he was knighted for his government work[6] and on 3 February 1983 he was created a life peer as Baron Rayner, of Crowborough in the County of East Sussex.