Current group CFO and CEO of Co-op Life Services, Shirine Khoury-Haq, to be appointed as interim CEO
There will be a new era of leadership ahead at the Co-op Group as group CEO, Steve Murrells, will step down at its AGM in May. After a 10-year tenure, Steve will be replaced in the interim by Shirine Khoury-Haq, the current group CFO and CEO of Co-op Life Services.
Steve said: “It is important to put a clear CEO succession plan in place. This is especially the case as we begin the process to appoint a new chairman. In such circumstances, I would either have needed to commit for another five years or step down now to allow a new CEO to become established and allow a smooth transition to occur ahead of a new chairman arriving. I have therefore chosen to take that step now.
“I have had 10 wonderful years at the Co-op and am very proud of all that we have achieved and how we’ve shown that a purpose-led organisation, focused on a strong vision of fairness and values can make such a difference. Thanks to our amazing colleagues, we have been there for millions of members and customers when they have needed us the most.”
Allan Leighton, chair of Co-op thanked Steve for his leadership and revealed it was a board decision to bring in Shirine in the interim.
“I am proud to be part of a wonderful organisation that contributes so much to our communities and our country,” said Shirine. “We have lots to do and I am looking forward to working with my 60,000 colleagues, Allan and our board to continue to make the Co-op a special place to work while providing great products and services to our customers and members.”