2 Feb 2010

M&S New Boss

Marc Bollan will receive £975,000 base salary, 250% potential annual bonus plus 400% share award.  In addition to compensate him for loss of incentives at his former employer he will receive £1.6m cash and £1m worth of share awards in 2010, and then an additional share award of £3.9m worth of shares for 2011and 2012.  He starts 1st May 2010.