Marks & Spencer today announces that Alison Reed, Finance Director, UK Retail, has been appointed as Finance Director Designate of Marks and Spencer p.l.c. She will take up her position as an Executive Director on the Board on a date to be confirmed, when she will replace Robert Colvill, the current Finance Director.

Alison Reed, 44, is a Chartered Accountant, qualifying with Touche Ross in London in 1981 after graduating from Exeter University. She joined Marks & Spencer in 1984 and, after a wide range of roles in the Finance Group, was appointed in 1990 to be the Executive Assistant to the Chairman & Chief Executive. In 1992, she became the Commercial Executive for Home Furnishings and Gifts, and, in 1995, was appointed Divisional Director for Logistics. She returned to the Finance Group as Financial Controller in 1996 and was appointed UK Retail Finance Director in 1999. She is also a non-executive director of HSBC Bank plc, a position she has held since 1996.