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.
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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.”