×
621
Fashion Jobs
DAVID JONES
Supply Chain Business Partner
Permanent · Melbourne
L'OREAL GROUP
Category Strategy & Execution Manager
Permanent · Melbourne
LOVISA
Expression of Interest - Regional & State Managers
Permanent · Miranda
DAVID JONES
CRM Digital Producer
Permanent · Melbourne
DAVID JONES
Sales Manager - Womenswear - Sydney Cbd
Permanent · Sydney
DAVID JONES
Loss Prevention Officer - David Jones Robina
Permanent · Gold Coast
L'OREAL GROUP
Social Communications Brand Manager- l'Oreal Paris
Permanent · Melbourne
L'OREAL GROUP
Credit Controller
Permanent · Melbourne
DAVID JONES
IT Project Manager
Permanent · Melbourne
DAVID JONES
Business Analyst
Permanent · Melbourne
DAVID JONES
Country Road Group - Project Manager - Store Design
Permanent · Melbourne
L'OREAL GROUP
Merchandising Brand Manager
Permanent · Melbourne
L'OREAL GROUP
Sales And Education Manager
Permanent · Melbourne
L'OREAL GROUP
Business Consultant - Kerastase
Permanent · Melbourne
DAVID JONES
Garment Technician - Witchery
Permanent · Melbourne
L'OREAL GROUP
National Account Executive
Permanent · Melbourne
JUST JEANS
Supply Coordinator - Just Jeans
Permanent · Melbourne
DAVID JONES
Assistant Support Manager - Loss Prevention - David Jones Parramatta
Permanent · Sydney
SHEIKE
Regional Manager - Vic
Permanent · Melbourne
L'OREAL GROUP
Area Manager Pharmacy - la Roche-Posay And Cerave
Permanent · Brisbane
MUNRO
Buyer's Administration Assistant
Permanent · Melbourne
CLINIQUE
Clinique - Consultant - Melbourne International Airport- Part Time
Permanent · MELBOURNE

M&S hires new finance chief following Singer’s departure

Published
today Feb 11, 2020
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Marks & Spencer has appointed Eoin Tonge as its new chief financial officer to help it navigate through the tricky trading conditions in the UK retail market.


Photo - Sandra Halliday


He will take over from interim CFO David Surdeau, who was appointed in December to oversee the finance function following the departure of former finance chief Humphrey Singer.

The embattled department store chain was relegated from the London stock market's blue-chip share index in 2019, a strong sign of how far its overall value has declined.

CEO Steve Rowe said that the CFO appointment concludes “a rigorous search for a world-class finance director”. 

“[Tonge] brings in-depth knowledge of food, as well as strategy and operations, and is another addition to the very strong management team we are building to transform M&S,” he added.

The new CFO will join Marks & Spencer in June, as he is currently serving in the same role at Greencore Group, an Irish food company. Some of his achievements at Greencore included strengthening the company's balance sheet, returning capital to shareholders and simplifying the business to focus on its core propositions in the UK.

His brief at Marks & Spencer will be similar. The British company had a tough 2019, hurt by falling sales and uncertainty. In addition to closing hundreds of stores, ousting its clothing chief and redirecting some of the focus to food, the retailer is now attempting to accelerate a turnaround by hiring a number of strategy experts.

Katie Bickerstaffe is joining as chief strategy and transformation director in April, while Will Smith and Helen Milford will take over as property and retail directors, respectively. Their remit will be to build “a store estate that’s fit for the future”, as the company continues to assess its store estate in the face of online shopping's rapid growth.

Copyright © 2020 FashionNetwork.com All rights reserved.