The resignation of Charles Wilson from the board of Marks & Spencer will
see new finance director Ian Dyson take on added responsibility within the group
after less than two months in the finance hot seat.
Wilson, the right-hand man of M&S CEO Stuart Rose, had been in secret
talks with the UK’s largest cash-and-carry business Booker, and his departure
from M&S was confirmed this morning.
Wilson was tasked with a cost-cutting and efficiency drive at M&S –
responsibilities that will now fall to Dyson, who only began working at the
embattled High Street retailer in June.
In a statement, M&S said the departure of Wilson would allow Dyson ‘time
to fully settle into his new role’. The company emphasised that Dyson was
prepared to take on many of Wilson’s responsibilities.
M&S shareholders have been highly critical of the board’s efforts to
drive the M&S share price up to 400p – the price offered by billionaire
Philip Green which was turned down by Rose last year. The price has been lagging
at around 365p per share.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars