MARKS & SPENCER HIRES NEW CFO

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Marks & Spencer has ap­pointed Humphrey Singer to its board as chief fi­nance of­fi­cer. Singer, who is cur­rently Group Fi­nance Di­rec­tor at Dixons Car­phone, will take up his new role as Marks & Spencer em­barks on its five-year trans­for­ma­tion pro­gramme. His start date is yet to be con­firmed.

The news comes less than 24 hours be­fore M&S pro­vides an up­date on its Christ­mas trad­ing per­for­mance.

Singer has been Group FD of Dixons Car­phone since 2014 fol­low­ing the merger of Dixons Re­tail with Car­phone Ware­house Group. He be­came Group Fi­nance Di­rec­tor of Dixons in 2011, hav­ing held sev­eral other fi­nance roles since join­ing the com­pany in 2007. Singer’s early ca­reer in­cluded fi­nance roles at Cad­bury Sch­weppes plc and Coca-cola En­ter­prises UK Lim­ited.

Com­ment­ing on his ap­point­ment,

CEO Steve Rowe said, “As we em­bark on our five-year trans­for­ma­tion pro­gramme, Humphrey will be a great ad­di­tion to the top team. His ex­pe­ri­ence as part of the team that led Dixons through its pe­riod of change and mi­gra­tion to mul­ti­chan­nel re­tailer is most rel­e­vant to what we are un­der­tak­ing here. This, cou­pled with his re­tail ex­per­tise and eye for de­tail and cost, will be very im­por­tant to our team dy­namic as we move for­ward.”

Singer said, “Un­der Steve M&S is chang­ing and there’s no bet­ter time to be join­ing the team that is trans­form­ing the busi­ness.”

Singer will re­place He­len Weir, who is leav­ing the Bri­tish re­tailer on March 31 af­ter three years in the role.

Steve Rowe added, “I’d like to take this op­por­tu­nity to thank He­len for her sig­nif­i­cant con­tri­bu­tion to M&S over the last three years and wish her all the very best for the fu­ture.”

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