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Two of the greatest names in business turnaround joined forces on Monday evening to defeat their opposition. Retail kings Stuart Rose and Charles Wilson swept the board to claim the top awards given by Europe’s most challenging judges – their peers in the turnaround community.

Stuart Rose, Chief Executive, Marks and Spencer plc, received the Chairman’s Special Award for outstanding performance in turnaround and accepted an Honorary Fellowship of the Society of Turnaround Professionals (STP.) Mr Rose’s achievement at Marks and Spencer was described by Deloitte’s corporate finance chief Aidan Birkett as, “The greatest turnaround in history.”

The Chief Executive of Booker plc, Charles Wilson, carried off the Private Company of the Year Turnaround award for transforming Booker Limited. Stuart Rose said, "Charles Wilson was a key member of the M&S turnaround team after we joined the Company at the same time. We had previously worked together at Booker and Arcadia and our working relationship was based on mutual trust which allowed each of us to concentrate on our respective areas of strength."

The other 2007 award winners are:

• Public Sector Turnaround - Mid-Cheshire Hospitals NHS Trust
• Turnaround Financier - Lloyds TSB
• International Company Turnaround - Märklin plc
• Listed Company Turnaround - Volex Group plc
• Turnaround Professional of the Year - STP Fellow David Lovett, Managing Director of AlixPartners

Further information: Christine Elliott, Chief Executive, STP
celliott@stp.org.uk +44 20 566 4222 +44 7812 370121

Editor’s Notes:

1. For the stories behind the final nominations, go to: The Greatest Turnaround in History at:
http://www.stp.org.uk/uploaded_files/documents/Awards%20Souv...

2. The STP Annual Awards - Monday 3rd December. Over 500 of the UK’s top turnaround executives and business leaders, celebrated achievements in restoring value to distressed companies. STP (The Society of Turnaround Professionals) accredited members have been active in some of the UK’s and international most high-profile organisations.

Web: http://www.stp.org.uk/

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