Hello Leighton is Back!

[Bernardson]

http://www.bbc.co.uk/news/business-31531530" onclick="window.open(this.href);return false;

The Co-operative Group has appointed former Asda boss Allan Leighton as its new chairman.

Mr Leighton is the group's first independent non-executive chair under its new management structure.

He is currently chief executive of High Street jewellery retailer Pandora, but will step down on 1 March.

Mr Leighton served as Asda's chief executive from 1996 to 2000 before joining Royal Mail as non-executive chairman.

The introduction of independent board members is part of sweeping changes to the Co-op's organisational structure.

In November last year, Sir Christopher Kelly became the first independent board member to be appointed.

The changes were brought in following a review by Lord Myners in which he called the group "manifestly dysfunctional" and recommended a major shake-up.

The review came after the group reported a £2.5bn loss in 2013 and its banking arm almost collapsed.

The group's board must now comprise a majority of independent directors - including an independent chairman and five independent non-executive directors.

However, the Co-op's board will include three positions for member-nominated directors, contrary to Lord Myners' recommendations.

The Manchester-based Co-op Group plans to appoint four more independent non-executive directors before its annual general meeting in May.

Mr Leighton has said that he knows Co-op's business well as his father ran a local branch.

He takes over from Ursula Lidbetter who has chaired the Co-op since November 2013.

[Bernardson]

A warning to the Co Op staff be prepared for loads of Bullsh**t.
Oy Leighton! Where's my colleague shares?

[hans solo]

that will be me cancelling a few policies then

[TrueBlueTerrier]

A warning to the Co Op staff be prepared for loads of Bullsh**t.
Oy Leighton! Where's my colleague shares?

[Red Robbo]

I won't be using Co-op Travel anymore, or the supermarket, not paying his wages !

[TrueBlueTerrier]

I won't be using Co-op Travel anymore, or the supermarket, not paying his wages !

According to at least one article you won't be

The Co-op also revealed that Leighton decided to donate his undisclosed six-figure salary to charitable foundations associated with the group.

"The Chair’s fee is £250,000. Allan [Leighton] has instructed that this be passed to The Co-Operative Foundation," according to the company, which prides itself on an ethical business model, despite recent scandals.

Read more: http://uk.businessinsider.com/new-co-op ... z3SIaENBZV" onclick="window.open(this.href);return false;

[Chelseablue]

Why do these ppl manage to keep getting high profile jobs,,it's sick . Same goes for ant and dec ,!,

[El-Bandito]

These guys get these jobs as they are one of the 1%. They get 10 jobs of high office (lifes), f#ck up they lose a life. Melon head is wired into the moon. Friends with David Icke and all his teachings allegedly. He is also a major player in the masonic /illuminati order. According to unofficial sources, again allegedly, everything he touches turns to sh#t. Again allegedly.

[fishtank]

Why do these ppl manage to keep getting high profile jobs,,it's sick . Same goes for ant and dec ,!,

Shareholders want big name directors for the same reason fans want a big name manager at their club, It makes them feel like they are playing in the big leagues. Leighton is the Steve McLaren of the business world, he's a big name but nobody is really sure why.

[Chelseablue]

ANd has the same haircut

[taxi4leighton]

as bob dylan said "theres no succes like failure"
these parasites get obscene wages and bonuses
ruin companies
and get a fortune for leaving
just like dodgy fooball managers

[silly suffolk]

always a place for a huge ego and an incompetent twat.

[Cyclopz]

A warning to the Co Op staff be prepared for loads of Bullsh**t.
Oy Leighton! Where's my colleague shares?

That video is basically a threat right?
He is threatening us with our pensions if we don't tow the Leighton line.

[TrueBlueTerrier]

Indeed some say that the video actually made the strike more likely rather than less. Result about 8 - 1 day strikes.

[redandblue]

What ever happened to that other useless idiot Crozier?
When them two worked in tandem, it was like watchig a car crash.
Sadly, these types, for some inexplainable reason are loved by big business.
No doubt they will rock up at some hedge fund giving it large.