The Co-operative Group announces that Len Wardle, Chair, will relinquish his role
The Co-operative Group announces that Len Wardle, Chair, will communicate his decision at the forthcoming Members’ Half Year Meeting on 2 November 2013, to relinquish his role.
Len Wardle, Chair of The Co-operative Group, said:
"On 2 November I intend to give the membership my notice that I will relinquish my Chairmanship in May 2014. In August this year, I informed the Board that it was my intention to step down at the end of my term of office whilst also making clear that I wanted to drive hard the reforms to modernise the Group. During the last year, we have appointed Euan Sutherland as Group CEO and started the changes that I believe will make The Co-operative Group stronger than ever.
The Co-operative is at its best when it is reforming and I want this change to continue. I want to persuade our members that The Co-operative Group should now look to an independent chair to lead the business, working side-by-side with the members who represent the movement.
I am immensely proud to have led the Group and to have chaired The Co-operative over the last six years."
Euan Sutherland, Group Chief Executive of The Co-operative Group, said:
"Firstly, I want to thank Len for his leadership and commitment to The Co-operative over the last six years. Under his guidance we have made significant progress on beginning the reform which we will announce as planned in May 2014. I look forward to working with colleagues and members to ensure that we return the business to growth over the coming years."
For further information contact:
The Co-operative Group
Tel: 07880 784442
Tel: 020 7353 4200