THE proposed merger between West Midlands Co-op and Oxford, Swindon & Gloucester Society has been given a massive thumbs-up by West Midlands members, who have voted overwhelmingly in favour of the plan.
At a meeting in Walsall earlier this week, 99 per cent of the 224 members who attended backed the directors' decision to recommend the merger. The proposed combined society will create the fourth largest co-op in the UK with a turnover of £ 500 million.
OSG are due to hold four members meetings next week to approve the rule changes necessary to allow the merger to proceed. West Midlands Co-op will then have a second members meeting in early August to confirm last week's decision.
Providing OSG members also back the proposed link-up, the merger will become effective from September 25.
As previously reported on www.thenews.coop, current OSG Chief Executive Bob Burlton
will lead the new society until he steps down in the second half of next year. He will then be succeeded by West Midlands chief Ben Reid, who initially will become Chief Executive Designate if the merger is ratified.