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At least the incoming Marks & Spencer CFO knows how to admit a wrong strategy!

By Chris Bailey | Tuesday 11 February 2020

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I had a feeling that the Marks & Spencer (MKS) regulatory news update was something to do with a new CFO appointment. Longer-term readers may recall back in September last year I mused about the resignation of the wonderfully named Humphrey Singer, concluding that 'my guess is that Humphrey despite a big old salary and historic reputation just cannot quite cut it'. Today's news that in June this year 'Eoin Tonge will be joining the Board of Marks and Spencer Group PLC as Chief Financial Officer' looks positive…

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