General

Britain's Co-op says finance chief to succeed CEO – Reuters

LONDON, March 25 (Reuters) – Britain’s Co-operative Group (42TE.L) said on Friday its chief executive Steve Murrells would step down in May and be succeeded by finance chief Shirine Khoury-Haq as interim CEO.

The group, which is owned by its members, operates Britain’s seventh largest supermarket chain as well as funeral, insurance, legal and energy services.

Murrells, who has been at the Co-op for a decade, said he could not commit for another five years.

Khoury-Haq will become the first woman to lead the Co-op group after May’s annual meeting.

Register now for FREE unlimited access to Reuters.com

Register

Reporting by James Davey; Editing by Kate Holton

Our Standards: The Thomson Reuters Trust Principles.

Next Post