Co-op UK Posts Weaker Full-Year Results, CEO Steps Down
Co-op UK has reported an underlying operating loss and a decline in revenue in its 2025 financial year, and said chief executive Shirine Khoury-Haq will step down after four years in the role. Khoury-Haq has spent seven years at Co-op UK and has steered the business through significant transformation, including a 95% reduction in debt and a 30% increase in profit between 2022 and 2024. She also led the company through a major cyber-attack in 2025 and was instrumental in developing a multi-year strategy to help Co-op's recovery. Khoury-Haq stated, “Following last year’s cyber attack, the organisation is now ready to deliver on an ambitious strategy of stabilisation and transformation. “This extends beyond the timeframe I had planned for my CEO tenure, and now is the right moment to hand over to leadership that can commit to seeing the strategy through.” Kate Allum Kate Allum will step in as interim chief executive after Khoury-Haq ste...