Oct 2, 2023
John Lewis boss Dame Sharon White to step down next year
John Lewis boss Dame Sharon White is to step down next year after five years, making her the shortest-serving chair in the partnership's 100-year history. Dame Sharon's current five-year term ends next year and she has told the board she will not seek a second term. Dame Sharon had faced controversy after she considered breaking the historic employee-owned structure of the partnership, which also owns Waitrose, by selling a stake to outside investors to raise money to invest in the partnership. Two weeks ago, the partnership announced losses had narrowed to £59m for the first six months of the year. At the time John Lewis said its plan to return to "Sustainable" profit would take two years longer than planned, as a result of rising business costs and larger-than-expected investment requirements.
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