CEO under pressure. In January 2013 David Cumming of Standard Life Investments, M&S’ 10th largest shareholder, said CEO Marc Bolland had six to nine months to sort out M&S’ underperforming clothing business if he wanted to keep his job. Keith Bowman from Hargreaves Lansdown, said Bolland had "yet to deliver" since being appointed in 2010. In June 2013, after M&S reported its lowest profit in four years, Bolland was denied a performance payout and his pay was slashed by more than a third.