Top Executive Exit Throws Co-op's Future Into Fresh Doubt


by wochit

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A former government minister appointed only four months ago to revive Britain's Co-operative Group quit on Thursday, becoming the second experienced executive to walk away and throwing into fresh doubt the future of the 170-year-old mutual. Paul Myners, in his role as senior independent director, had warned in March that the customer-owned group, whose activities range from supermarkets to farms, faced extinction unless it reformed to become more commercially driven.