M&S appoints Swannell as chair to replace Rose

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Retail giant Marks and Spencer has announced Robert Swannell will take over as chairman of the company in 2011.

The former investment banker, who spent 30 years with Schroders/Citigroup, will join the board as a non-executive director on 4 October before assuming the chairmanship on 4 January. Sir Stuart Rose will remain as chairman until then, although he is set to leave the company once the transition is complete. Swannell's appointment follows the arrival of Marc Bolland as chief executive earlier this year, ending Rose's tenure as executive chairman. "I am delighted Robert is to be M&S' next chairman. His appointment completes our succession plan and enables us to revert to standard gove...

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