Termination Terms for Alan Stewart

RNS Number : 5330N

Marks & Spencer Group PLC

28 July 2014

 



Monday, 28 July 2014

Marks and Spencer Group PLC:

TERMINATION TERMS FOR ALAN STEWART

Marks and Spencer Group plc confirms that Alan Stewart's employment as Chief Finance Officer will formally terminate following a period of garden leave by 1 December 2014.

In accordance with the M&S termination policy, which was approved by shareholders on 8 July 2014, all outstanding unvested awards made to Alan Stewart under the Defined Share Benefit Plan and the Performance Share Plan will lapse on termination. M&S will make no remuneration payments in lieu of notice or otherwise to Mr Stewart from the termination date.

Marks and Spencer Group plc is pleased to announce that Carl Dawson will join the business from Tesco as IT Director on 1 September 2014.

-Ends-

For more information, please call:

Corporate Press Office                               0208 718 1919        

 

END

 

 

BOASEWFLAFLSEIW