REG - Marks and Spencer Gp - CFO announcement

Marks and SpencerAnnouncement

29/05/2024 16:15

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RNS Number : 3317Q  Marks and Spencer Group PLC  29 May 2024

 

 

MARKS AND SPENCER GROUP PLC ANNOUNCES NEW CHIEF FINANCIAL OFFICER

 

Marks and Spencer Group plc today announces Alison Dolan will join the Board
as Chief Financial Officer.

 

Alison will take over from interim CFO Jeremy Townsend who will remain in post
as planned until May 2025. An exact start date for Alison will be announced in
due course.

 

Stuart Machin, Chief Executive Officer commented: "I am delighted to welcome
Alison to M&S as our Chief Financial Officer. We are fortunate to attract
somebody of Alison's calibre who will be a fantastic addition to the
leadership team and with so much experience in fast paced, digitally led
businesses, will help us in this next phase of transforming M&S.

 

"I want to thank Jeremy for all his hard work and support. He will leave
M&S in the strongest financial health the business has been in for
decades. But Jeremy's not going anywhere quite yet and will, as was always the
plan, remain with us until May 2025."

 

Alison brings a wealth of experience from her current role as CFO of the
leading digital property portal, Rightmove plc, and from previous finance,
strategy, and transformation roles, including with News UK and Sky.

 

Alison Dolan commented: "I'm delighted to be joining M&S, Stuart, and the
leadership team at such an exciting time for the business. As a customer
shopping at M&S I've always loved the brand and am thrilled to be part of
reshaping the business for growth. The scale and pace of change are
significant and there are so many great opportunities ahead."

 

This announcement has been made in accordance with the requirements of 9.6.11
and 9.6.13 of the UK Listing Rules. The information contained within this
announcement is deemed by the Company to constitute inside information as
stipulated under the UK version of the Market Abuse Regulation (EU) No.
596/2014 as it forms part of UK law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

ENDS

 

Notes to Editors:

 

Alison Dolan Career Highlights:

Chief Financial Officer, Rightmove plc (September 2020 - current)

Chief Strategy Officer, News UK (December 2016 - May 2020)

Deputy Managing Director, Sky Business; British Sky Broadcasting plc; (March
2012 - November 2016)

Group Treasurer, British Sky Broadcasting plc; (Jan 2002 - March 2012)

Finance Director - Sky Technology; (May 2010 - Feb 2012)

Finance Director - Sky Business; (May 2009 - Feb 2012)

 

Alison is also a Non-Executive Director on the Board of Pearson plc and a
member of the Audit and Remuneration Committees.

 

Jeremy Townsend was appointed Interim CFO on 22 November 2022 and will remain
in post as planned until May 2025.

For further information, please contact:

M&S Corporate Press Office: +44 (0)20 8718 1919,
 corporate.press@marks-and-spencer.com
(mailto:corporate.press@marks-and-spencer.com)

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