US Edition
Published • loading... • Updated
Co-op boss quits after 'toxic culture' claims reported by BBC
- Co-Op Group CEO Shirine Khoury-Haq announced on Thursday she will step down on March 29, with Kate Allum, a member-nominated director, appointed interim CEO while The Board searches for a successor.
- The departure follows a turbulent year for the 180-year-old Co-op, which incurred a £285m sales impact from a cyber-attack and "protective action," contributing to an underlying annual loss of £126m.
- Internal reports cited a "toxic" environment, with senior staff alleging "fear and alienation" among even senior leadership, though The Co-op stated they "do not believe that they represent the views of our broader leadership and colleagues."
- Co-Op chair Debbie White thanked Shirine Khoury-Haq for her significant contribution and leadership during challenging years, as The Board expressed gratitude for her commitment to the organization and communities.
- The Co-op is ready to deliver an ambitious strategy of stabilization and transformation, with Khoury-Haq stating now is the right moment to hand over to leadership committed to seeing it through.
Insights by Ground AI
22 Articles
22 Articles
Co-op CEO resigns amid £126m losses & ‘toxic culture’ claims
Shirine Khoury-Haq has resigned as CEO of the Co-op after the group posted £126 million annual losses. It follows a BBC report in February which aired warnings from senior managers of a “toxic culture” at executive level. The 180-year-old member-owned food and services group, which has a reputation for upholding ethical values, faced allegations that it created “fear and alienation” among several senior staff. On Thursday the group said a massiv…
Coverage Details
Total News Sources22
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
To view factuality data please Upgrade to Premium
