StockMarketWire.com - Clothing and food retailer Marks & Spencer said chief financial officer Humphrey Singer had decided to stand down, at a date that had yet to be determined.

The company said that Singer would work with chief executive Steve Rowe and the board to ensure an orderly transition.

A departure date would be confirmed in the due course, Marks & Spencer said.

'After eighteen months of working with Steve to lead the transformation strategy and rebuild the finance function I have decided that now is the right time to move on,' Singer said.

'I will continue to give the business my all and work with Steve and the board to ensure we continue to make progress and that there is an orderly handover to my successor.'

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