Wednesday November 18, 12:15 PM
Marks and Spencer announces new chief executive
LONDON (AFP) - British clothes-to-food retailer Marks and Spencer (LSE: MKS.L - news) on Wednesday announced the appointment of supermarket boss Marc Bolland as its new chief executive.
Bolland, 50, currently chief executive of British supermarket chain Morrisons, will replace Stuart Rose at the start of 2010, Marks and Spencer said in a statement.
Rose, who combines his chief executive role with that of chairman of Marks and Spencer, will go on to act as part-time chairman of the group until mid-2011.
"Marks and Spencer Group plc today announces the appointment of Marc Bolland as its new chief executive," the retailer said in a statement.
"He will take up his position in the New Year at a time and on terms to be confirmed."
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