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John Lewis Names Will Kernan CEO After Peter Ruis Exit

8/15/2026

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Summary

Story summary

Peter Ruis announced his abrupt departure as John Lewis Managing Director.
Will Kernan, a non-executive board member, will become chief executive.
John Lewis saw sales rise 3% to £4.9 bn and profit climb 29% to £58 m last year.
The firm paid its first staff bonus in four years and renovated Oxford Street, Bluewater and Glasgow stores.
Frasers Group, owned by Mike Ashley, bought Harvey Nichols out of administration for a knock-down price.

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Story summary

Peter Ruis announced his abrupt departure as John Lewis Managing Director.
Will Kernan, a non-executive board member, will become chief executive.
John Lewis saw sales rise 3% to £4.9 bn and profit climb 29% to £58 m last year.
The firm paid its first staff bonus in four years and renovated Oxford Street, Bluewater and Glasgow stores.
Frasers Group, owned by Mike Ashley, bought Harvey Nichols out of administration for a knock-down price.