Blog: M&S's next boss - a new favourite?
Dean Best | 9 September 2009
Marks and Spencer today (9 September) appointed director of food John Dixon to its board, fuelling further speculation that he may be favourite for the role of CEO when Sir Stuart Rose steps down in 2011.
Commentators have tipped Dixon as one of the most likely to succeed Rose, although he faces competition from the likes of finance director Ian Dyson, head of clothing Kate Bostock, and external candidates such as Sainsbury's Justin King/
Rose has been under fire from some investors since 2008 for holding the position of both CEO and chairman, the argument being, that too much power is concentrated in the M&S boss’ hands.
In July, a large minority of M&S shareholders - around 37% - backed an advisory motion at the company’s AGM calling for the chain to appoint a new independent chairman a year earlier than planned, splitting the job that Rose currently carries out.
Paddy Power currently has Dixon placed at 4/1 to take the helm, while King is edging ahead at 3/1 at the time of going to press. David Beckham is 500/1.
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- Dairy giant Muller appoints new CFO, COO
- Kellogg announces new "nutritious" line-up
- UK's Bakkavor plays down IPO "speculation"
- PepsiCo launches Walkers Mediterranean in UK