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• The Wall Street Journal reports that Marks & Spencer CEO Stuart Rose will become the company’s executive chairman, succeeding the current chairman, Terry Burns, who retires June 1.

However, Rose will remain as CEO for the time being. Ian Dyson, the company’s group finance director, is said to be taking on more responsibility in a new role as group finance and operations director, and is seen as a potential successor to Rose, who has committed to stay with the company until 2011.

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