--M&S hires Tesco's e-commerce manager

Internet Business News
02-08-2011
--M&S hires Tesco's e-commerce manager

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

8 February 2011 -- Marks and Spencer (LON:MKS), or M&S, has hired Laura Wade-Gery, the head of Tesco's (LON:TSCO) online business, to oversee its GBP1bn (USD1.6bn/EUR1.2bn) strategy to boost its e- commerce performance, the Financial Times reported.
Wade-Gery will leave her post at Tesco and join M&S as executive director of e-commerce this summer.

The appointment is part of a wider strategy announced last November by Marc Bolland, M&S's chief executive, who said that online sales should grow from GBP400m to between GBP800m and GBP1bn by fiscal 2013/14.

Wade-Gery was largely responsible for the 16% rise in annual online sales at Tesco to GBP1.2bn.

She will be replaced by Ken Towle, chief executive of Tesco's Chinese branch, who will become director of Internet retailing and will oversee the expansion of online retailing across Tesco's operations abroad.

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