// 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.
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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.