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Marks & Spencer CEO to Become Exec Chair

London Marks & Spencer Group PLC will promote CEO Stuart Rose to the role of executive chairman. He is expected to hold this post for three years.

Rose will succeed Chairman Terry Burns, who will step down as of June 1. The announcement caused a negative reaction from shareholders as the decision reportedly did not take into account the views of the company’s investors, according to a report from Thomson Investment Management News.

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