Danny McCance 8 Nov 2017 02:42pm

M&S CFO Helen Weir steps down

The supermarket group has announced that its CFO Helen Weir will leave the company, overshadowing the release of its results in the six months to September

Weir joined Marks and Spencer in April 2015. The company confirmed that it is already searching for her replacement, and that she will continue in the role in the interim period.

Its financial results revealed M&S’s profit before tax rose by 371.3% in the six months to September and profit before tax and adjusted items was recorded at -5.3%.

“We have made good progress in remedying the immediate and burning issues at M&S I outlined last year,” said Steve Rowe, M&S chief executive.

“The business still has many structural issues to tackle as we embark on the next five years of our transformation, in the context of a very challenging retail and consumer environment,” he added.

Following a decline over the past few years, in the last eight months the company made serious changes to it’s business such as restructuring its head office and cutting 500 roles while bolstering its store services with the addition of 300 new staff.