Co-op group accepts resignation of chief executive

Sutherland's departure comes after he said efforts to overhaul the business became "impossible" because of the Co-op's failure to change its governance, the BBC reports. He said in a statement that he resigned with "with great sadness", adding he will "not accept" retention and bonus payments previously agreed. Co-op chairwoman Ursula Lidbetter said she accepted Sutherland's resignation with "deep regret". She added: "Euan's resignation must now act as a catalyst for the real and necessary change which the group must go through." In his resignation letter Sutherland said the gov...