VODAFONE CFO Andy Halford has joined the Marks and Spencer board as a non-executive director.
Halford, who has served with Vodafone since 1999 and took the group finance post in 2005, will succeed Jeremy Darroch as chair of its audit committee from June. Darroch, CEO of BSkyB, is the former CFO at the media giant.
Robert Swannell, chairman of M&S said: “I am delighted to welcome Andy to the Board. As well as his finance background, he brings valuable international, consumer and digital experience and will be an excellent appointment as Chairman of the Audit Committee following Jeremy’s retirement from the Board next year.
“On behalf of the board I would like to thank Jeremy for his significant contribution to M&S since 2006 and his strong leadership of our audit committee. I am delighted that he has agreed to continue as chairman of the audit committee until he leaves the board in June.”
Average earnings among qualified members reached £64,011 in 2016 (an increase of 1.9%), £36,411 more than the current average UK wage
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