TIDM42TF
RNS Number : 8517F
Co-operative Group Limited
13 July 2023
Co-operative Group Limited
13 July 2023
The Co-operative Group appoints Debbie White as new Chair
Designate
Debbie brings a wealth of business and commercial experience and
will succeed Allan Leighton in February 2024, when his 9-year term
of office as Chair ends .
Following a rigorous search process, The Co-operative Group
(Co-op) has today, 13th July 2023, announced that Debbie White will
become its new Chair when Allan Leighton steps down from the role
in February 2024.
Debbie has held a series of significant and complex Executive
roles, including Group Chief Executive of Interserve and Global CEO
for healthcare and government at Sodexo. More recently she has held
a number of Non-Executive roles, including Senior Independent
Director at Spire Healthcare Group plc, Howden's Joinery Group plc
and PAVmed Inc.
Allan Leighton, Co-op Group Chair said;
"Debbie is the ideal person to take our Co-op forwards over the
coming years. She has extensive business experience across a range
of sectors and I'm personally delighted that she will join us at
this exciting time, as our Co-op focuses on recruiting a million
new members and providing top class products and services for our
members and customers.
"Over the past 9 years our Co-op has regained its financial
strength but it has never lost sight of its wider social
commitments and responsibilities by delivering value to our
member-owners. Under Debbie's leadership I have every confidence
that our Co-op will continue to grow and to deliver against these
commitments."
Shirine Khoury-Haq, Group Chief Executive, said;
"It is testament to the strength and future potential of our
Co-op that we can attract someone of Debbie's calibre and I'm
looking forward to working closely with her as we embark on another
exciting chapter in our Co-op's 180-year history. She has a proven
track record, a commitment to our Co-op values and principles, and
is a role model for championing diversity and inclusion. She is a
perfect fit for our Co-op.
"In welcoming Debbie I also want to thank Allan for the enormous
support he's provided to me personally and for the incredible
turnaround he's overseen for our Co-op and our members over the
past 9 years."
Debbie White, said;
"I am delighted and privileged to be taking up this role. The
Co-op is an iconic business with an important role to play in
supporting the needs of our members and wider society. I'm really
looking forward to working with Shirine, our Board, our National
Members Council and our 57,000 colleagues, to grow our Co-op
further and to build upon the existing momentum already in
place.
"The Co-op is the original business with purpose, with ambitious
plans to grow further in the coming years and I'm excited by the
prospect of being a part of a business which exists to meet the
needs of its members."
Debbie is expected to join our Board as an Independent
Non-Executive Director in August 2023 before taking on the role of
Chair in February 2024 as Allan reaches the end of his 9-year
term.
ENDS
Enquiries
The Co-operative Group
-- Russ Brady: Tel: 07880 784442
Notes to Editors:
About The Co-operative Group:
Co-op is one of the world's largest consumer co-operatives with
interests across food, funerals, insurance and legal services.
Owned by millions of UK consumers, the Co-op operates over 2,500
food stores, over 800 funeral homes and provides products to over
5,000 other stores, including those run by independent co-operative
societies and through its wholesale business, Nisa Retail
Limited.
Employing over 57,000 people, the Co-op has an annual turnover
of over GBP11.5 billion and is a recognised leader for its social
goals and community-led programmes. The Co-op exists to meet
members' needs and stand up for the things they believe in.
Chair Remuneration:
Consistent with the Group policy of paying at the median, the
Chair's fee will be GBP250,000
Debbie White - Personal Details
-- Debbie is 61 years old, is based in the North-West and is
married with three boys. She is a Cambridge graduate and qualified
as a Chartered Accountant and Chartered Tax Practitioner within
Arthur Andersen.
Executive Roles
BT Group plc
-- Interim Chief Human Resources Officer, 2021- 2022
Interserve Group
-- Group Chief Executive Officer, 2017- 2019
Sodexo Group
-- Global Chief Executive Officer, Healthcare & Government, 2015 - 2017
-- Chief Executive Officer, UK&I, 2012-2015
-- SVP & Chief Financial Officer, North America, 2008 - 2012
-- Group SVP Strategic Projects, 2007- 2008
-- Chief Financial Officer, UK&I, 2004 - 2007
PwC Consulting
-- Director, 2000 - 2003
Early Career
-- Various finance roles at AstraZeneca 1987 - 2000
-- Arthur Andersen, 1983 - 1987
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END
BOAEAXXAFEEDEFA
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