Marks and Spencer Group PLC Directorate Change (2248T)
July 21 2022 - 1:00AM
UK Regulatory
TIDMMKS
RNS Number : 2248T
Marks and Spencer Group PLC
21 July 2022
Marks and Spencer Group PLC
DIRECTORATE CHANGE
Eoin Tonge, who joined M&S as Chief Financial Officer just
over two years ago, will be leaving M&S to take up a new role
as Finance Director at ABF Plc. M&S is now commencing a process
to appoint a successor and Eoin will continue to fulfil his current
role in line with his notice period, which will include supporting
the business through its Interim Results in November.
Archie Norman, Chairman of M&S commented:
"Eoin has made a great contribution to the transformation of
M&S, bringing quality and rigour to the finance function and
building a very strong team. Our financial controls, reporting, and
financial discipline are in a far stronger place than when he
arrived. Under his guidance, we have restored the balance sheet and
created a strong platform for the next phase. Eoin has been
extremely helpful in supporting the Board and seeing through our
planned succession to Stuart Machin as Chief Executive and Katie
Bickerstaffe as Co-Chief Executive. He has been a great colleague;
we thank him for his efforts at M&S and wish him well in his
new role."
Eoin Tonge, CFO and Chief Strategy Officer at M&S
commented:
"It's never an easy decision to leave a great business like
M&S. However, the opportunity has knocked for me to take on a
new financial role across a diverse portfolio of businesses. Behind
every great business there are, of course, great people and I'm
incredibly proud of the outstanding team we've built. The M&S I
leave behind is undoubtedly stronger and more resilient than the
M&S I found. My priority now is to ensure a smooth handover to
Stuart and Katie and the wider leadership, and I have every
confidence that M&S will flourish, as they reposition the
business for future growth."
This announcement has been made in accordance with the
requirements of 9.6.11 of the UK Listing Rules.
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END
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