Marks & Spencer has appointed Ian Dyson as group finance director to replace Alison Reed, who leaves at the end of April.

Dyson joins the company from The Rank Group, where he has been group finance director for five years.

Stuart Rose, ceo of Marks & Spencer, said: “Ian comes from a highly competitive sector, which has seen enormous change in recent years. His track record at Rank has demonstrated his ability to deliver I that environment and his experience in restructuring businesses will be important in rebuilding the fortunes of Marks & Spencer.”