Marks & Spencer Group PLC Chief Finance Officer departure date confirmed (0551Q)
16 Ottobre 2019 - 10:38AM
UK Regulatory
TIDMMKS
RNS Number : 0551Q
Marks & Spencer Group PLC
16 October 2019
MARKS AND SPENCER GROUP PLC CONFIRMS
CHIEF FINANCE OFFICER DEPARTURE DATE
Further to the announcement made on 23 September 2019, and in
accordance with paragraph 9.6.12 of the Listing Rules, Marks and
Spencer Group plc today confirms that Humphrey Singer will leave
the business and step down from his role as Chief Finance Officer
and from the Board on 31(st) December 2019.
-Ends -
The following information is provided in accordance with section
430(2B) of the Companies Act 2006:
-- Humphrey Singer's remuneration terms will be in line with his
service agreement and the relevant provisions of the Marks and
Spencer Group plc's Executive Remuneration Policy approved by
shareholders in 2017.
-- He will continue in his role until 31 December 2019 and,
under the terms of his service agreement, he will receive salary
only, by way of phased monthly payments (subject to mitigation)
from 1 January until 31 March 2020. No further payments will be
made.
-- All unvested share awards granted will lapse in full on
leaving and he will not be eligible to be considered for a bonus
payment.
-- Further details of the contractual and leaving provisions for
Board directors are summarised in the Directors' Remuneration
Report in our 2019 Annual Report & Financial Statements.
For more information, please call:
M&S Corporate PR 0208 718 1919
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END
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October 16, 2019 04:38 ET (08:38 GMT)
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