28 Jul 2014 15:58
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Monday, 28 July 2014
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Marks and Spencer Group PLC:
TERMINATION TERMS FOR ALAN STEWART
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Marks and Spencer Group plc confirms that Alan Stewart's employment as Chief Finance Officer will formally terminate following a period of garden leave by 1 December 2014.
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In accordance with the M&S termination policy, which was approved by shareholders on 8 July 2014, all outstanding unvested awards made to Alan Stewart under the Defined Share Benefit Plan and the Performance Share Plan will lapse on termination. M&S will make no remuneration payments in lieu of notice or otherwise to Mr Stewart from the termination date.
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Marks and Spencer Group plc is pleased to announce that Carl Dawson will join the business from Tesco as IT Director on 1 September 2014.
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-Ends-
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For more information, please call:
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Corporate Press Office 0208 718 1919
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