Co-op appoints former Morrisons' man
Richard Pennycook was announced as the new group finance director of the Co-operative Group this month.
Pennycook had announced his intention to stand down from the same role, which he had held for eight years, at Morrisons a year ago.
Pennycook said: “I am delighted to be joining The Co-operative Group to help drive its development. With its strong brand and loyal customer base, the Group is ideally positioned to address the challenges it now faces.”
Euan Sutherland, group chief executive of The Co-operative Group, said: “Richard Pennycook has proven long-term experience working at the top of some of Britain’s leading companies and will make a valuable addition to our organisation.”
Richard Pym was also appointed as chair of The Co-operative Banking Group and The Co-operative Bank.