The Co-operative Group announces that Len Wardle has resigned as Chair of The Co-operative Group and from the Board, with immediate effect. He will be replaced by Ursula Lidbetter, currently Group Deputy Chair and Chief Executive of the Lincolnshire Co-operative Society.
On 18 November the Co-operative Group issued a statement to media:
“Given the serious and wide-ranging nature of recent allegations, the new executive management team has started a fact-finding process to look into any inappropriate behaviour at The Co-operative Group or The Co-operative Bank and to take action as necessary.
A short explanation of what is going on with the Co-operative Bank and why we are campaigning.
MEDIA RELEASE FROM ETHICAL CONSUMER MAGAZINE - FRIDAY OCTOBER 25 2013
A new campaign is urging existing Co-op Bank customers not to move their accounts from the Co-op in an effort to ensure that the bank sticks to its ethical principles.