(Recasts with company's statement)
Sept 21 (Reuters) - Marks & Spencer Group Plc said
on Saturday its Chief Financial Officer Humphrey Singer has
decided to leave the company.
Singer will work with Group Chief Executive Officer Steve
Rowe on his succession process, the company said in a statement.
Singer's departure date has not yet been decided and he will
continue with his responsibilities until it is confirmed, the
British retailer said.
"After eighteen 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 a
statement.
The news of Singer's departure comes at a time when the
135-year old retailer will be relegated out of the London's FTSE
100 index from Sept. 23.
(Reporting by Bhargav Acharya and Sabahatjahan Contractor in
Bengaluru, Editing by Ros Russell)