M&S appoints new CFO

M&S has announced the appointment of Alison Dolan as its new incoming chief financial officer. 

Dolan will take over from interim CFO Jeremy Townsend who will remain in his role as planned until May 2025. An exact start for Dolan will be announced “in due course”.

She will bring a wealth of experience, as Dolan is currently CFO of digital property portal Rightmove. 

Prior to that, she also held finance, strategy and transformation roles at the likes of News UK and Sky. 

Stuart Machin, CEO of M&S, said: “I am delighted to welcome Alison to M&S as our chief financial officer. We are fortunate to attract somebody of Alison’s calibre who will be a fantastic addition to the leadership team and with so much experience in fast paced, digitally led businesses, will help us in this next phase of transforming M&S.

“I want to thank Jeremy for all his hard work and support. He will leave M&S in the strongest financial health the business has been in for decades. But Jeremy’s not going anywhere quite yet and will, as was always the plan, remain with us until May 2025.”

Dolan added: “I’m delighted to be joining M&S, Stuart, and the leadership team at such an exciting time for the business. 

“As a customer shopping at M&S, I’ve always loved the brand and am thrilled to be part of reshaping the business for growth. The scale and pace of change are significant and there are so many great opportunities ahead.”