Struggling UK retailer Marks & Spencer Group Plc has named Ian Dyson as its new finance director.

Dyson - who is joining M&S from gaming and entertainment company Rank Group Plc - takes the place of Alison Reed, who is leaving the company after a 20-year stint.

M&S hopes that Dyson's experience in restructuring will help rebuild M&S, which has suffered from poor sales and image in the past few years, with its clothing ranges in particular being criticised for compromising on their previous quality and reliability.

Dyson will be given a basic annual salary of £420,000 and will be entitled to bonuses according to the current executive scheme.

He will also receive a 'recruitment share grant', which is a payment in shares equivalent to twice his salary.