M&S boss Marc Bolland ups online stakes by poaching Tesco’s Laura Wade-Gery

During his time as CEO of UK supermarket chain Morrisons Marc Bolland, now CEO of Marks & Spencer, ignored the internet, preferring to concentrate on plugging Morrisons fresh food and its ‘market street’ store layouts.

But now as the highly-remunerated boss of the UK’s biggest non-supermarket retailer he has to do something predecessor Sit Stuart Rose didn’t and it’s going to be a big move into online sales.

He has already announced that he wants to increase online sales from around £400m to £800-£1bn by 2013 and he’s just poached Laura Wade-Gery from Tesco to do it.

Wade-Gery has built Tesco’s online sales to £1.2bn over the past few years and, uniquely, managed to turn a profit from them, £58m last year.

She had just been promoted out of online to commercial director of non-food sales at Tesco by new CEO Philip Clarke but evidently finds the lure of the internet (and doubtless a very high salary plus board position) at M&S irresistible.

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