BusinessCompany NewsDyson leaves M&S FD role to head up Punch Taverns

Dyson leaves M&S FD role to head up Punch Taverns

Marks & Spencer group FD Ian Dyson to join Punch taverns as chief executive

Ian Dyson

Ian Dyson is stepping down as group FD at
Marks &
Spencer
to join
Punch
Taverns
as its chief executive.

He joined the retailer as group FD in 2005, and was named group finance and
operations director in March 2006.

Dyson was flagged up as a contender for the M&S top role, which was taken
up by former Morrisons boss Marc Bolland yesterday.

His background in leisure at Rank and Hilton, plus the opportunity to head up
a public company, was too much for Dyson to turn down.

Dyson said: “Although the timing of an announcement of this sort is never
perfect, my background in leisure makes Punch a very exciting opportunity and
one I couldn’t ignore. It also makes great use of all my leisure and retail
experience and means being the CEO of a public company.”

A departure date has yet to be finalised. Plans to replace Dyson have begun.

Sir Stuart Rose, M&S chairman, thanked Dyson for his “significant
contribution”.

Further reading:

Profile:
Ian Dyson, group FD of Marks & Spencer

Ian
Dyson lacks X-Factor at M&S audition

M
&S’ Dyson joins Betfair board

AMEC
and Punch swap auditors

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