(Correcting spelling of name of CEO Steve Rowe.)
(Alliance News) - Marks & Spencer Group PLC said Friday it has appointed David Surdeau as interim chief financial officer to replace Humphrey Singer, whose departure was announced in mid-September.
Later, in October, M&S had confirmed that Singer would leave at the end of 2019.
M&S on Friday said Surdeau will begin his new role on Tuesday next week and will report to Chief Executive Officer Steve Rowe.
Surdeau was a director of Tesco Holdings BV and Group Planning, Treasury & Tax Director of Tesco PLC for over 16 years.
On Monday, Sky News had reported that embattled high street retail chain was preparing to appoint a replacement on an interim basis after being unable to find a permanent appointment despite drawing up a shortlist of candidates.
M&S has endured a testing 2019, having been relegated from the FTSE 100 index in September. M&S was a founding constituent of the list of London's top-tier stocks and had a 35-year stay there.
M&S shares were down 1.4% in London at 212.80 pence each on Friday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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Marks & Spencer (MKS)