Eoin Tonge, who is taking up a new role at AB Foods, owner of Primark and Penneys. Photograph: Dara Mac DonaillMarks & Spencer said on Thursday finance and strategy chief, Irishman Eoin Tonge, would leave the British clothing and food retailer to take up a role at Associated British Foods , owner of budget fashion chain Primark/Penneys.
As per his notice period, Greencore veteran and UCD graduate Mr Tonge will stay at M&S through its first half results in November. Shares in AB Foods were up 1.3 per cent inmid-morning trade, while M&S was down 1.2 per cent, extending 2022 losses to 39 per cent.
Rough day for M&S losing your CEO & CFO.