12 Mar 2014

Euan Sutherland resignation accepted

Submitted by sfensom

Ursula Lidbetter, chair of The Co-operative Group accepted the resignation of chief executive Euan Sutherland on 11 March.

According to media reports, an emergency board meeting agreed a new model for governance at the top of the Group with a baord including executives and independent non-executives along side elected members. This board will be appointed by a separate 'supervisory' board wholly made up of elected members.