New financial director has ample experience on how to restructure a UK legacy company
Marks & Spencer has announced Ian Dyson is to replace Alison Reed as group finance director. Dyson joins from The Rank Group, where he has been group finance director for five years. However his start date at M&S is yet to be confirmed. He has also stepped down as non-executive director at software company Misys.

Alison Reed will leave the company at the end of April.

M&S chief executive Stuart Rose said Dyson's experience in a company undergoing huge business change will come in handy.

He said: 'Ian [Dyson] comes from a highly competitive sector, which has seen enormous change in recent years. His experience in restructuring businesses will be important in rebuilding the fortunes of Marks & Spencer.'

Rose also thanked Reed for her contribution to the retailer over the past 20 years and conveyed the board's best wishes to her for the future.

The Rank Group owns a mixture of leisure-related companies, including Mecca Bingo and the Hard Rock Café chain.