M&S director to step down following CFO appointment
Andrew Fisher was ‘blindsided’ after finding out M&S would hire Alison Dolan from Rightmove only late into the recruitment process
A long-serving director at M&S is reportedly quitting the company’s board following news it has poached the CFO of another company he chairs.According to Sky News, Andrew Fisher was “blindsided” after finding out M&S would hire Alison Dolan from Rightmove only late into the recruitment process.
Fisher, who has been chairman of Rightmove since 2020, reportedly resigned from the M&S board last week. The following day, M&S announced that Dolan would join as its new incoming CFO.
Fisher joined the M&S board in December 2015, and has been a senior independent director there for several years. Under Britain’s corporate governance code, he was approaching the nine-year term limit for independence.
However, a source told Sky that although his tenure was coming to its end, his position was now “untenable” following the poaching of Dolan.
Sky added that he will now step down early next month, and will not seek re-election to the M&S board at its annual shareholder meeting.
Dolan takes over from interim CFO Jeremy Townsend, who will remain in his role as planned until May 2025. An exact start for Dolan will be announced “in due course”.
As well as her current role as CFO of digital property portal Rightmove, she has held a range of finance, strategy, and transformation roles, including with News UK and Sky.
M&S has been approached for comment.
