Summary
The chief executive of the Co-op, Shirine Khoury-Haq, is resigning after reports of a difficult work environment and a significant financial loss due to a cyber-attack. The Co-op, a long-established food and services group, reported a £126 million loss and had to address claims of a "toxic culture" that made staff feel afraid to speak up. Khoury-Haq will step down on March 29, and Kate Allum will temporarily take over as CEO.
Key Facts
- Shirine Khoury-Haq has been the Co-op's chief executive since 2022.
- There were claims of a "toxic culture" where staff felt afraid to voice concerns.
- The Co-op reported a £126 million loss due to a cyber-attack last year.
- All 6.5 million Co-op members had their data stolen in the cyber-attack.
- Kate Allum will serve as the interim CEO after Khoury-Haq departs.
- The Co-op, established 180 years ago, faced a challenging year.
- The Co-op had to spend an estimated £285 million on response actions after the cyber-attack.
