Marks & Spencer has announced the appointment of Alison Dolan as their new Chief Financial Officer.
- Alison Dolan transitions from Rightmove to M&S, bringing extensive industry experience.
- Jeremy Townsend will remain as interim CFO until May 2025.
- Dolan’s leadership background includes roles at News UK and Sky.
- M&S recently reported strong financial performance, showing substantial growth.
Marks & Spencer has confirmed the appointment of Alison Dolan as the new Chief Financial Officer, a role in which she will bring valuable experience from her previous position at Rightmove. This strategic move aligns with M&S’s aim to continue their financial and digital transformation.
Dolan will succeed interim CFO Jeremy Townsend, who will continue in his role until May 2025. Townsend’s tenure has been marked by significant financial achievements, positioning the company in one of its strongest fiscal states in decades.
With a robust leadership background including prominent roles at News UK and Sky, Alison Dolan is expected to contribute significantly to M&S’s ongoing transformation efforts. CEO Stuart Machin expressed confidence in Dolan’s ability to drive M&S forward in this pivotal phase of their journey.
Dolan expressed her enthusiasm for joining M&S, stating, “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.”
The announcement follows M&S’s report of a 33% increase in adjusted operating profit year-on-year, reaching £838.6m for the year ending 30 March 2024. The retailer also saw its clothing market share rise from 9.6% to 10%, with a 5.3% increase in sales for the clothing and home division.
Alison Dolan’s appointment is anticipated to further enhance M&S’s strategic growth and financial strength.
