(Alliance News) - Marks & Spencer Group PLC on Wednesday confirmed outgoing Chief Financial Officer Humphrey Singer will leave at the end of the year.
The clothes, homeware, and food retailer announced Singer's departure in mid-September, but did not at the time give a firm date. His last day at M&S will be December 31.
"Humphrey has been a huge asset to the business. He has helped to establish the foundations of our transformation with a stronger balance sheet, robust financial controls and a much keener focus on reducing our cost base," said Chief Executive Steve Rowe in September.
"In addition, he was a critical part of the team which guided Marks & Spencer through the deal to create our joint venture with Ocado and subsequent equity raise. I look forward to continuing to work with him as we search for his successor."
Shares were 1.8% lower on Wednesday at 193.25 pence each. They have fallen 29% in the past 12 months, contributing to the firm being removed from London's FTSE 100 index, of which it had been an original member.
By George Collard; georgecollard@alliancenews.com
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Marks & Spencer (MKS)