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Euan Sutherland named non-exec director for Co-op

Source : Co-operative news

The Co-operative Group Board has announced the appointment of four independent non-executive directors, who are taking up positions on its subsidiary boards.

The appointments follow a review of the Group’s governance which identified a role for independent directors and which last year established two subsidiary boards covering the food and specialist business operations reporting to the Group’s 20-strong main board. The board of the Group’s financial arm, Co-operative Financial Services, has included independent directors for a number of years.

Euan Sutherland, Chief Executive of Kingfisher UK, who is responsible for the B&Q, Screw Fix and TradePoint operations and is also a member of the Kingfisher Group Executive and has been named as one of the four. Mr Sutherland is a former Managing Director of Superdrug and has also held senior positions at Matalan and Currys.

“These four people were carefully selected from 400 people who wanted to join us and they were selected not only because of their experience from the industries in which they operate, but because they have an empathy with co-operative values. They will bring invaluable independent advice to the Group and its businesses as we continue to build on our successes as a major force in UK retailing.”

28 June 2010
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