Marks & Spencer appoints Morrisons' Marc Bolland as chief executive

LONDON - Marks & Spencer Group has announced the appointment of Marc Bolland, the chief executive of Morrisons, as its new chief executive.

Bolland will take up his position in the New Year at a time and on terms to be confirmed.

M&S chairman Sir Stuart Rose said of the appointment: ‘He brings a wealth of consumer marketing experience and has made a great success of his time at Morrisons.'

Marc Bolland said, ‘M&S is one of the world's great brands and I am very pleased to be given the opportunity to lead the company forward at this exciting stage.'

Once Bolland assumes his post, Rose will continue as part-time chairman. As previously announced, Sir Stuart will leave M&S by July 2011.

Marc joined Morrisons in September 2006 as Chief Executive. Prior to that he was chief operating officer Heineken NV based in the Netherlands.

 

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