M&S hires Syngenta’s Collins as pensions head

UK – Retailer Marks & Spencer has hired Lynn Collins from Syngenta to be head of corporate pensions.

An M&S spokeswoman said Collins joined in February and took over from group pensions manager John Peachey, who has retired.

Collins, who was head of international benefits at the agricultural chemicals business, was in charge of its 1.1 billion-euro hybrid scheme.

A Syngenta official said Collins would be replaced by Stephen Crosbie, senior pension policy manager at HSBC, with the title of head of UK pensions. The head of international benefits title will not continue.

Earlier this week M&S said it would issue bonds to fund a 400 million-pound (600 million-euro) injection into its 2.6 billion-pound UK defined benefit pension scheme.

Syngenta was formed in 2000 with the merger of the agribusiness of Novartis and the agrochemicals of Zeneca.

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