Directorate Change - New Chie
Issued: Wednesday 18 November 2009
Marks & Spencer appoints MARC BOLLAND as its new Chief executive
Marks and Spencer Group plc today announces the appointment of Marc Bolland as its new Chief Executive. He will take up his position in the New Year at a time and on terms to be confirmed. Marc, 50, joins from Morrisons where he was Chief Executive.
Commenting on Marc's appointment, M&S Chairman Sir Stuart Rose said, "I am delighted that Marc is to be M&S' next Chief Executive. He brings a wealth of consumer marketing experience and has made a great success of his time at Morrisons. We very much look forward to welcoming him and working together."
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. I am greatly looking forward to working closely with Stuart and the M&S team."
On Marc taking up his position as M&S' new Chief Executive, Sir Stuart Rose will continue as part-time Chairman of M&S to ensure a smooth transition. As previously announced, Sir Stuart will leave M&S by July 2011.
Marc joined Morrions in September 2006 as Chief Executive. Prior to that he was Chief Operating Officer and Executive Board Member at Heineken NV based in the Netherlands. He is also currently a Non-Executive Director of Manpower Inc in the USA.
-Ends-
For more information, please call:
Clare Wilkes 020 8718 8642
Corporate Press Office: 020 8718 1919
Investors, Analysts & Press Conference Call:
This will be hosted by Stuart Rose at 14.00pm on Wednesday 18 November 2009:
Dial in number: 0208 515 2302
This information is provided by RNS
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