New M&S chief not allowed to poach Morrison staff

02/21/2010 | Financial Times (tiered subscription model)

As Marc Bolland transitions from leading Wm Morrison to taking the reins at Marks & Spencer, the companies have negotiated an agreement that forbids Bolland from recruiting Morrison executives for one year. Bolland starts at M&S on May 1. M&S is expected to launch its search for a new chairman.

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