Wednesday 18 November 2009

Bolland's step forward to M&S, a step back for Morrisons?

The high street retailer confirmed on Wednesday the Netherlands-born Mr Bolland would replace Sir Stuart Rose, the group’s executive chairman, in the New Year, remaining at Morrisons until 31/01/2009….

Serious implications for Morrisons in that the move to employ Bolland was a radical step that worked unexpectedly well. He has been there long enough to lay down the template, but had too short a tenure to ensure smooth succession.

All supplier bets now off, all initiatives short-term, and big pressure on the shares
A sovereign wealth fund approach as the price drops?

Back to the drawing board….Ken?, Ken?

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