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Marc Bolland takes his seat at Marks & Spencer

Marc Bolland, the new chief executive of Marks & Spencer, is 24 hours into his new role and one day into an eight week induction course. This is the man who has been given the opportunity to relight the fire of Marks & Spencer after a difficult period in the history of this ever popular UK retailer. So what can we expect from the tenure of the new chief executive?

Marc Bolland, formerly of Morrison's, comes with a good track record and there are high hopes that he can reinvigorate Marks & Spencer's once again. He has a massive financial incentive to do well at the group with a very lucrative bonus and payment package if he hits various targets along the way. So far the city has taken to this new blood at Marks & Spencer but history shows that memories in the city are very short and very few people get a second chance.

Sir Stuart Rose, the outgoing chief executive and chairman of the company, was initially courted as the saviour of Marks & Spencer when he joined some time ago. However, once he had rescued the company the fiction began to mount with analysts and shareholders. Marc Bolland, beware!

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