New CFO for the Co-op Group

Retiring Ian Ellis to be succeeded by Shirine Khoury-Haq

Shirine Khoury-Haq has been appointed chief financial officer (CFO) at the Co-op Group, replacing Ian Ellis, whose retirement was announced late last year.

Ms Khoury-Haq, who takes up the role in the summer, has worked in a number of sectors including financial services, retail, pharmaceuticals and consumer goods. A certified accountant, she was most recently chief operating officer for Lloyds of London.

Upon joining the Group, Ms Khoury-Haq will become a member of both the board and the executive team.

Ian Ellis

Outgoing CFO Ian Ellis joined the Group in March 2015. He had previously been CFO at Wilko and spent time as head of finance at Morrisons supermarkets.

Co-op Group chair Allan Leighton said: “Ian has played a key role in rebuilding the Co-op, which goes way beyond just repairing our finances.

“His belief in the need for us to build strong Co-op businesses in order to create value to share with our members and their communities and the financial discipline he has re-established across the organisation has helped set us up for future success.

“Ian will be greatly missed by colleagues and members and we all wish him well for his retirement.”

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