Co-op boss Shirine Khoury-Haq to step down after difficult year for group

Company reported loss of £125m after cyber-security attack hit sales and claims of ‘toxic’ culture Business live – latest updates The Co-op Group has announced that its boss will step down this weekend after a difficult year that included a cyber-attack and recent claims of a “toxic” culture at the business. Shirine Khoury-Haq will step down as chief…

Key takeaways

Quick scan — what you need to know:

• Company reported loss of £125m after cyber-security attack hit sales and claims of ‘toxic’ culture Business live – latest updates The Co-op Group has announced that its boss will step down this…
• Shirine Khoury-Haq will step down as chief executive on 29 March, with Kate Allum, a board member and former boss of dairy group First Milk, stepping in as interim boss while a permanent replacement…
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Background

What led here, in plain terms:

• Shirine Khoury-Haq will step down as chief executive on 29 March, with Kate Allum, a board member and former boss of dairy group First Milk, stepping in as interim boss while a permanent replacement…
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Why it matters

Why readers and decision-makers should care:

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• Company reported loss of £125m after cyber-security attack hit sales and claims of ‘toxic’ culture Business live – latest updates The Co-op Group has announced that its boss will step down this…
• Shirine Khoury-Haq will step down as chief executive on 29 March, with Kate Allum, a board member and former boss of dairy group First Milk, stepping in as interim boss while a permanent replacement…