Co-op CEO Steps Down Amid Toxic Culture Claims

0:00On March 26, the chief executive of the co-op, Cherine Corey Ock, is stepping down on March 29. Her exit comes just weeks after a BBC report highlighted claims of a toxic culture among top leaders, and follows the group's announcement of a 1, 126 million-pound annual loss that hit stemmed largely from a cyber attack that hammered sales last year. She's led the 180-year-old member-owned business for four years, after joining 7 years ago. The cyber-attack in April forced them to shut down IT systems, costing an estimated 285 million pounds in lost sales and exposing data from 6.5 million members. Senior managers spoke to the BBC about feeling intimidated and scared to voice opinions, which they said fueled bad choices, thinking morale, sudden, exits, and rising food waste. After the story aired, more employees reached out with similar concerns about the leadership vibe. Corey, he see, hot-called it an honor to serve, and said now's the time to pass the baton

1:02for a long-term push on stability and change. Kate Allum, a member-nominated board director, takes over as interim chief executive with the chair praising her steady hand through the rough. Patches The co-op now eyes fresh momentum to rebuild trust and turn things around after a bumpy stretch.