High street retailer Marks and Spencer Group plc has announced the appointment of Jeremy Townsend as Interim Chief Financial Officer.

Jeremy joins on 22 November and will report into Chief Executive Officer, Stuart Machin. Jeremy has held senior financial and non-executive roles across several public companies and most recently, was Group CFO Rentokil Initial Plc.

Stuart Machin, Chief Executive Officer commented: “I am very pleased to welcome Jeremy to our leadership team. Over the last three years we have built a strong finance team, and Jeremy will be an excellent addition, bringing with him a wealth of financial leadership experience, as we accelerate our plans to reshape M&S for growth.”

Following the announcement on 21 July, M&S also confirmed that Eoin Tonge will step down from the Board on 9 December and will leave the business on 19 January 2023 following a handover to Jeremy.