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Marc Bolland confesses Marks & Spencer was too big to ignore

Marc Bolland, the chief executive of Morrisons, has confirmed that his appointment as the head of Marks & Spencer in early 2010 was just too good an opportunity to ignore. This came on the day when he fronted the Morrisons figures which confirmed that sales growth was starting to flatten out as the economy moves into a new phase. So what next for the chief executive of Morrisons?

There is no doubt that the challenge of taking the helm at Marks & Spencer is too good an opportunity for anybody to miss. The vastly improved pay package and bonus payments are not the only reason to consider a move to Marks & Spencer, but the greater standing the company has and the massive financial strength behind it are perhaps a retail executives dream. So while Marc Bolland literally changed the direction of Morrisons after the acquisition of Safeway, which in itself proved to be a disaster, he has decided to move on to pastures new.

We are likely to see a period of musical chairs in the retail sector as up-and-coming executives jockey for the position at Morrisons which will become available in the New Year.

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