John Lewis Partnership boss Nish Kankiwala is to step back from the role of chief executive following the appointment of a new chairman with the role of CEO to be scrapped entirely, the group has announced.
The employee-owned retailer, which runs the department store chain and Waitrose supermarket arm, said Mr Kankiwala will revert to the role of non-executive in March next year and his old post will be scrapped.
It comes after Jason Tarry, a former Tesco UK boss, took over as chairman of the John Lewis group from Dame Sharon White on September 16.
In his role as chairman, he will lead the board and manage the day-to-day running of the group. READ MORE: The fan favourite Quality Street chocolate coming back for Christmas Mr Kankiwala, who has been the CEO since March 2023 when the role was created, agreed to take on the post for two years as the group embarked on a major turnaround plan.
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