The Co-op Group have named Shirine Khoury-Haq as the first-ever female CEO in its 159-year history and handed her a salary just short of £1million. Ms Khoury-Haq was already acting head of the supermarket-running mutual, as well as the group's other business interests in funeral homes, insurance and legal services.
She assumed the role on an interim basis back in March after Steve Murrells left the company following 10 years of service as CEO. Previously, Ms Khoury-Haq had joined Co-op as their finance manager and head of life services in 2019.
Prior to those appointments, she had held positions at McDonald's and the Post Office and remains a non-executive director of housebuilding firm Persimmon. According to The Grocer, she was paid £836,000 in 2021 - a figure that includes her £650,000 base salary, which is understood to have risen by £100,000 after she was given the CEO job on a permanent basis.
