Marks & Spencer hires a new CEO

11/18/2009 | Times (London) (subscription required), The · Bloomberg

Sir Stuart Rose, chairman at Marks & Spencer, said Marc Bolland, chief at Wm Morrison, was the obvious choice to lead M&S. Bolland will spearhead the company's global expansion plans. "We don't live in a national world anymore; we live in a global, international world, and Marc is an international man," Rose said. "We are a business that wants to go international. He is a turnaround expert, and we are a business where in some areas we need to make changes. He has the energy, the youth and the desire to do it."

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Times (London) (subscription required), The · Bloomberg

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