Marks & Spencer appoint new boss

British retail giant Marks & Spencer named Morrisons boss Marc Bolland as its new chief executive today.

The 50-year-old succeeds executive chairman Stuart Rose, who will continue at the firm as part-time chairman.

Mr Bolland joined Morrisons in September 2006 as chief executive and has been credited with reviving the fortunes of the Bradford-based supermarket chain.

He will take up his position in the New Year at a time and on terms to be confirmed.