M&S Poaches Morrison Boss To Be New CEO

Upmarket UK retailer Marks & Spencer (M&S) has announced that Marc Bolland, CEO of UK-supermarket chain Morrisons, will succeed Sir Stuart Rose as its new chief executive in 2010. Bolland's enviable track record at Morrisons means that the appointment has been very positively received by investors, with M&S' share price rising by 6% while Shares in Morrisons fell by 5% (see chart). However, M&S, which has struggled to retain its market share during the downturn, poses a very different set of challenges for

To read the full article, please choose one of the following options: