- Danielle Wightman-Stone
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Marks and Spencer has confirmed the appointment of Eoin Tonge as its new
chief financial officer.
Tonge, who held the same role at Irish convenience food
company Greencore Group, will join the retailer in June, replacing interim
chief financial officer David Surdeau, who will remain the business during
the transition period.
Marks and Spencer chief executive, Steve Rowe said in a statement:
“Eoin’s appointment concludes a rigorous search for a world-class finance
director. He brings in-depth knowledge of food, as well as strategy and
operations, and is another addition to the very strong management team we
are building to transform M&S.”
Tonge has been chief financial officer of Greencore since 2016, where he
has overseen key strategic changes including the divestment of Greencore’s
US operations, strengthening the company’s balance sheet, returning capital
to shareholders and simplifying the business to focus on its core
market-leading propositions in the UK.
Prior to that, he was managing director of its grocery business for two
years and was previously chief strategy officer from 2009 to 2014.
From 1994 to 2006 he worked at Goldman Sachs in a variety of roles
across finance, treasury and capital markets in London, Hong Kong and New
York.
Commenting on his new role, Tonge added: “Marks and Spencer is a brand
that I have admired as a customer as well as a supplier for some time. I’m
excited to be joining the Board and management team to drive forward the
transformation of the business, realise its full potential and make it
special again.”
Tonge will receive an annual salary of 600,000 pounds.
