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Former Co-op CEO Khoury-Haq Resigns Amid £125M Cyber Loss

4/5/2026

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Summary

Story summary

Shirine Khoury-Haq, former Co-op CEO, received nearly £2 million before departing amid a cyber-attack that caused a £125 million loss.
Khoury-Haq denied that her resignation was related to allegations of a toxic workplace culture.
Her pay included a £165,000 bonus despite falling sales.
The board awarded frontline staff £100 each under a new incentive plan.
Kate Allum will be interim CEO as the Co-op seeks a permanent replacement.

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Story summary

Shirine Khoury-Haq, former Co-op CEO, received nearly £2 million before departing amid a cyber-attack that caused a £125 million loss.
Khoury-Haq denied that her resignation was related to allegations of a toxic workplace culture.
Her pay included a £165,000 bonus despite falling sales.
The board awarded frontline staff £100 each under a new incentive plan.
Kate Allum will be interim CEO as the Co-op seeks a permanent replacement.