Richard Pennycook Explained

Richard Pennycook
Honorific Suffix:CBE
Birth Name:Richard John Pennycook
Birth Date:February 1964

Richard John Pennycook (born February 1964) was chief executive officer of the Co-operative Group.[1]

Pennycook took the position as CEO in 2014 after being named Chief Financial Officer in 2013.[2]

In 2013, he became Chairman of The Hut Group, an online retailer in North-West England with multiple brands.[3]

In 2016, he received The Retail Leader of the Year award at the prestigious Retail Week Awards.[4]

In February 2017, Pennycook stepped down as CEO of The Co-operative Group after three years at the helm, with Steve Murrells (previously CEO of Co-op Food division) taking charge.[5]

Pennycook was appointed Commander of the Order of the British Empire (CBE) in the 2020 Birthday Honours for services to retail.

Notes and References

  1. Web site: Co-op Group boss Richard Pennycook asks for big pay cut. BBC News.
  2. https://www.telegraph.co.uk/business/2016/03/25/co-op-boss-richard-pennycookit-has-been-particularly-challenging/ "Co-op boss Richard Pennycook:"It has been particularly challenging, but that’s the playing field""
  3. News: The Hut Group announces Richard Pennycook as Chairman. 1 February 2017. The Hut Group. 8 March 2013.
  4. https://www.retail-week.com/richard-pennycook-the-man-who-saved-the-co-op-from-the-brink/7005728.article "Richard Pennycook – the man who saved the Co-op from the brink"
  5. News: Wood. Zoe. Co-op CEO Richard Pennycook to step down. 7 February 2017. 7 February 2017.

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