Bolland will take up his position in the New Year at a time and on terms to be confirmed.
M&S chairman Sir Stuart Rose said of the appointment: ‘He brings a wealth of consumer marketing experience and has made a great success of his time at Morrisons.'
Marc Bolland said, ‘M&S is one of the world's great brands and I am very pleased to be given the opportunity to lead the company forward at this exciting stage.'
Once Bolland assumes his post, Rose will continue as part-time chairman. As previously announced, Sir Stuart will leave M&S by July 2011.
Marc joined Morrisons in September 2006 as Chief Executive. Prior to that he was chief operating officer Heineken NV based in the Netherlands.
This article was first published on marketingmagazine.co.uk