Marks & Spencer has confirmed that its outgoing chief finance officer Alan Stewart will leave on 1 December.

Stewart was named CFO of Tesco last month, replacing Laurie McIlwee who is stepping down after 14 years with the retailer.

M&S said Stewart’s employment would formally terminate on 1 December following a period of gardening leave. He has been M&S CFO since October 2010.

Meanwhile, M&S has appointed Carl Dawson as its new IT director. Dawson joins from Tesco, where he is chief information officer for internet retailing, on 1 September.

He joined Tesco in January 2013 and has also worked for Shop Direct and Thomas Cook.