The Scotsman cartoon: Co-op resignation

Illustration: Iain Green
Illustration: Iain Green
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The chief executive of the Co-operative Group Euan Sutherland has resigned from his post after claiming that the UK’s largest mutual business was “ungovernable”.

The Group confirmed that Mr Sutherland had left the Co-op with “immediate effect”. He will be replaced by Richard Pennycook, the group’s Chief Financial Officer, who has been appointed as Interim Group Chief Executive.

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Co-op chief Euan Sutherland resigns position