The CEO of M & S faces 1.1 million pounds after the cybersecurity

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president Marx and Spencer It faces great success to the payment package of 1.06 million pounds after a continuous electronic attack expelled the shares of the retailer in the UK by more than ten.

Stewart Machin, who was appointed CEO in 2022, is expected to lose about 831,000 pounds for the performance stock plan and 233,000 pounds for a deferred reward granted in the same year and any jacket in July. Both have been affected by a decrease of 14 percent at the M & S share since it was revealed Piracy On April 22.

The decrease in the price of the awards reduced to 5.06 million pounds and 1.42 million pounds, respectively, from the end of trading in London on Friday.

Machin is also a loss of paper of about 1.4 million pounds from its remaining shares kept under long -term incentive plans and through deferred rewards, which can reach the total possibility of success to about 2.4 million pounds.

The FTSE 100 Group said on Tuesday that some customer personal data had been stolen as part of the cybersecurity, which he left unable to accept online requests for three weeks and led to empty shelves in some stores.

Machin salaries should not be hit for the year until March 31, when the cybersecurity occurred after the company’s fiscal year ends, and the retail seller is expected to publish strong annual results.

However, members of the Board of Directors may exercise the discretionary power in cutting the rewards in light of the cybersecurity, according to the adult reward consultants. They added that this year’s bonus and long -term results are likely to have success after the first difficult quarter of M&S.

“It is possible that the Rewards Committee will advance the repercussions by indicating that they will use their discretionary power,” said Thomas Bolgger, chief supervisor analyst at MINERVA-Manifest, said, although “it is too early to say whether Clawback is suitable because additional investigations will need to be procedure,” said Thomas Bolgger, chief supervisor analyst at Mineva-Manifest, who is advised to shareholders.

He added: “We are likely to see an advertisement next year when they report the fiscal year during which the cybersecurity attack took place.”

Machin’s reward was “always relying on achieving the company’s goals and financial performance” and “the majority of long -term benefits and its value will always reflect the stock price.”

A person close to the executive said that he is not driven by his payment package and his focus was to revive the retail wealth.

However, the chaos of the last weeks threatens to disrupt his plan.

The company reported the results of the entire year on Wednesday, and it is expected that the market update on the consequences of penetration.

Analysts expect profits to increase by 17 percent before taxes imposed 840 million pounds for the year until March 31. However, “it would not have been a strong start for (this year), there is no doubt that the cybersecurity on Easter.”

M & S sales increased by 14.7 percent year on an annual basis in 12 weeks until April 19, according to data from Nielseniq, days before the company revealed the breach.

“What is clear to us is that this has a severe impact on performance in the first quarter-hundreds of millions of pounds-with definition, a noticeable effect on the results of the full year for 2026,” said Clav Black, a retail analyst at Shore Capital.

Analysts said that the M&S has lost revenues so far, totaling more than 75 million pounds, based on the extrapolation of its daily sales via the Internet, and the losses may climb to about 125 million pounds if the operations are not restarted online by the end of the month.

He also left the attack on its M&S systems struggling to maintain the shelves stored in some food stores, with lions estimated that every 10 percent of the availability leads to about 15 million pounds of sales lost per week.

“There are some people who will not go to M&S because they believe that availability is not present,” he added. “The weather coming in the past seven weeks will mean that the M&S will be very frustrated about last month.”

In addition to the lost sales, the costs of employment are likely to rise as some systems were stopped, and the retailer had to formulate advisers to help them regain their operations.

You can demand M & S B Costumes of up to 100 million pounds From the Internet insurance companies, the Financial Times reported this week, which led to some relief, although some analysts do not expect to reduce all the pain.

Calvart said that although the administration team is truly focused on maintaining work, the city will be keen to understand next week the impact on the broader shift of the company.

Analysts in Morgan Stanley chanted those opinions, saying in the memorandum this week that “the biggest danger will be if the disorder slows down the mid -term transformation of M&S.”

A major part of the next stage of the M&S transformation is implemented, after it has succeeded in updating its domains, shops and locations that were not profitable, to improve rear operations such as more automation through their distribution centers and a better shopping application-the areas that have been disrupted.

“They have moved from a very automatic and self -luminous operating platform to manual evidence,” said Black Shore Capital.

However, he believes that the performance of the M&S in the fiscal year 2024-2025 should be a standard for future results instead of this year, as it dealt with its dealings with Internet criminals.

“They have gone through a very wonderful year with the gains of its market in food and clothes before the attack … healthy margins, full price sales and very strong cash generation.”