REG - Marks and Spencer Gp - Directorate Change

Marks and SpencerAnnouncement

21/07/2022 07:00

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RNS Number : 2248T  Marks and Spencer Group PLC  21 July 2022

Marks and Spencer Group PLC

DIRECTORATE CHANGE

Eoin Tonge, who joined M&S as Chief Financial Officer just over two years
ago, will be leaving M&S to take up a new role as Finance Director at ABF
Plc. M&S is now commencing a process to appoint a successor and Eoin will
continue to fulfil his current role in line with his notice period, which will
include supporting the business through its Interim Results in November.

Archie Norman, Chairman of M&S commented:

"Eoin has made a great contribution to the transformation of M&S, bringing
quality and rigour to the finance function and building a very strong team.
Our financial controls, reporting, and financial discipline are in a far
stronger place than when he arrived. Under his guidance, we have restored the
balance sheet and created a strong platform for the next phase. Eoin has been
extremely helpful in supporting the Board and seeing through our planned
succession to Stuart Machin as Chief Executive and Katie Bickerstaffe as
Co-Chief Executive. He has been a great colleague; we thank him for his
efforts at M&S and wish him well in his new role."

Eoin Tonge, CFO and Chief Strategy Officer at M&S commented:

"It's never an easy decision to leave a great business like M&S. However,
the opportunity has knocked for me to take on a new financial role across a
diverse portfolio of businesses. Behind every great business there are, of
course, great people and I'm incredibly proud of the outstanding team we've
built. The M&S I leave behind is undoubtedly stronger and more resilient
than the M&S I found. My priority now is to ensure a smooth handover to
Stuart and Katie and the wider leadership, and I have every confidence that
M&S will flourish, as they reposition the business for future growth."

This announcement has been made in accordance with the requirements of 9.6.11
of the UK Listing Rules.

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