Co-op CEO Shirine Khoury-Haq to Step Down as Cyberattack Fallout and Costs Bite
Co-op CEO Shirine Khoury-Haq will step down March 29 after a year marked by a cyberattack and a swing to a £35 million operating loss. Board member Kate Allum will serve as interim chief as the group seeks a permanent successor. Co-op blamed the cyberattack for £285 million in lost revenue and plans to cut £200 million in annual costs in 2026. The leadership change follows reports of a “toxic” culture, which Khoury-Haq denies influenced her decision.