News Column

PRESS: Marks & Spencer CFO Stewart Poised To Join Tesco - Sky News

July 10, 2014

Rowena Harris-Doughty

LONDON (Alliance News) - Marks and Spencer Group PLC Chief Financial Officer Alan Stewart is poised to join the UK's biggest supermarket chain Tesco PLC, according to Sky News Thursday.

Food, clothing and homewares retailer M&S appointed Steward as finance director in 2010, and has recently added property to his responsibilities as part of his financial asset management role, following a management re-jig.

However, Tesco is poised to appoint Stewart as its own finance director, Sky News reported Thursday, citing insiders as its source.

Stewart would fill the boots of Laurie McIlwee, who stepped down as Tesco's chief financial officer earlier this year to "pursue new opportunities".

Tesco and M&S both declined to comment on the story.

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Source: Alliance News

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