Marks & Spencer says CFO Humphrey Singer plans to step down

Marks & Spencer says CFO Humphrey Singer plans to step down

Humphrey Singer says it is the right time to leave the company.

Shoppers walk past a Marks & Spencer shop on Oxford Street in central London. (AFP pic)
LONDON:
Marks and Spencer Group Plc Chief Financial Officer Humphrey Singer plans to leave the business and the company is looking for a successor.

Singer’s departure date hasn’t yet been decided and he’s working with Chief Executive Officer Steve Rowe to ensure a smooth transition, the retailer said Saturday in a statement.

“After 18 months of working with Steve to lead the transformation strategy and rebuild the finance function I have decided that now is the right time to move on,” Singer said in the statement.

The departure date will be confirmed “in due course,” M&S said.

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