Marc Bolland, the would-be chief executive of Marks & Spencer, stepped down from his present role at Wm Morrison nearly two months earlier than expected.

As per many Morrison thought that Marc Bolland should not remain at the helm as he is moving to a major rival.

Earlier Morrison had said that Mr. Bolland would stay on until the end of January, but yesterday the grocer announced that Mr. Bolland had left it with immediate effect.

Morrison’s management is focusing on planning budget and strategy for the next year.

Supermarket chain Wm Morrison has started looking for someone to take place of its chief executive Marc Bolland, who is going to depart on January 31 to join Marks &Spencer as a CEO.

Wm Morrison’s chairman Sir Ian Gibson wants to fill the post as soon as possible. 

Richard Pennycook, the finance director of Morrisons, is believed to be the leading internal candidate. He had played the role of interim CEO before Mr. Bolland took over.