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TIS quietly acknowledged within the company that Roger Holmes is being groomed to take over as chief executive of Marks & Spencer when executive chairman Luc Vandevelde decides to relinquish the role.
When the Belgian arrived in February 2000, he joined a company where responsibility for running both the board and the business had been in the hands of one man, Sir Richard Greenbury - with what many regard as disastrous consequences. For a time, Vandevelde worked alongside new chief executive Peter Salsbury. But since last September he has been both chief e