// M&S drafts in David Surdeau as interim CFO while it continues its search
// Humphrey Singer stepped down as CFO on December 31
// Surdeau is due to join office on January 7
Marks and Spencer has appointed David Surdeau as its interim chief financial officer to replace Humphrey Singer, who stepped down from the embattled retailer on December 31.
Surdeau is due to join office on January 7.
His previous work experiences include serving as Tesco’s European finance director, before working his way up to group planning, treasury and tax director.
READ MORE:
- M&S scrambles to replace finance chief Humphrey Singer
- M&S launches athleisure range just in time for January
Singer had joined the retailer in July 2018, and was a key part of the management team assembled by chief executive Steve Rowe. He had announced his resignation back in September.
He was credited for being a critical part of the team behind the company’s joint venture with online grocer Ocado.
Singer’s tenure also included the relegation of M&S from the FTSE 100 for the first time in its history, with the stock currently trading at around a 12-year low.
M&S shares were 1.2 per cent lower at 213.3p in late-morning trading on Friday.
M&S will issue a Christmas trading statement on January 9.
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1 Comment. Leave new
I have seen this coming for years, surprised it has taken so long, the further East Marks&Spencer has gone, the shabbier their clothes and bedding have become. There doesn’t seem to be any quality control. Their fabric is shoddy, one wash and they are covered in pilling, sheets advertised as easy iron are the worst I have ever bought, inconsistencie in sizing, men’s large size Y fronts become medium size when washed, long wool socks no longer stay up and just wrinkle down to anckles.
Garments on the rails look like seconds, the necks are uneven, lapels do not lie properly, linings pulling.
I have Marks&Spencer clothes in my wardrobes, I have 6 of them, that are 30 years old and still good, I daren’t recycle them because they are quality garments which cannot be replaced.
I was the sample machinist working with the designer for the prestigious company, I&R Morley in Heanor Derbyshire.
Our workroom had to have the same lighting as your shops, so that when your buyers came they would be seeing the same colours that your customers would see.
As British companies have moved East putting British workers out of work, only thinking of bigger profits, they haven’t thought that their greed would one day catch up with them.