M&S non-exec quits board over hire of Rightmove CFO

M&S non-executive director Andrew Fisher has resigned from the board after the high street chain poached its new chief financial officer from another company that he chairs.

According to Sky News, Fisher, who has served on the M&S board since December 2015, only found out late in the recruitment process that the upmarket retailer wanted to hire Rightmove finance boss Alison Dolan as its new CFO.

Fisher, who has chaired the online property platform since 2020, quit the M&S board on Tuesday last week.

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The retailer announced the appointment of Dolan the following day. She will take over from interim CFO Jeremy Townsend, who will remain in post until May 2025.

Fisher, who was approaching the nine-year term limit for independence under the UK’s corporate governance code, will officially step down early next month and will not seek re-election to the board at the retailer’s annual shareholder meeting.

A source close to Rightmove told the publication that while his tenure on the M&S board had been nearing its end, Fisher’s position had been left “untenable” following the hiring of Dolan.



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