Marks & Spencer Appoints New CFO

Marks & Spencer Group (LON: MKS) announced the appointment of Alison Dolan as its new Chief Financial Officer (CFO) late in the day on Wednesday.

Dolan will join the board, taking over from interim CFO Jeremy Townsend, who will remain in his role until May 2025. The exact start date for Dolan has yet to be confirmed.

Stuart Machin, CEO of Marks & Spencer, expressed his enthusiasm for Dolan’s appointment, highlighting her extensive experience in fast-paced, digitally-led businesses. Machin believes Dolan will be a valuable addition to the leadership team, aiding in the next phase of M&S’s transformation.

“We are fortunate to attract somebody of Alison’s calibre who will be a fantastic addition to the leadership team and, with so much experience in fast-paced, digitally-led businesses, will help us in this next phase of transforming M&S,” said Machin.

He added: “I want to thank Jeremy for all his hard work and support. He will leave M&S in the strongest financial health the business has been in for decades. But Jeremy’s not going anywhere quite yet and will, as was always the plan, remain with us until May 2025.”

Dolan joins M&S from Rightmove plc, where she served as CFO. Her previous roles include finance, strategy, and transformation positions at News UK and Sky. Dolan expressed her excitement about joining M&S, praising the brand and looking forward to contributing to its growth and transformation.

“I’m delighted to be joining M&S, Stuart, and the leadership team at such an exciting time for the business,” Dolan commented.