Thursday, December 3, 2020

Central England Co-operative COO and CFO to retire

Central England Co-op’s Chief Operating Officer (COO) and Chief Financial Officer (CFO) are set to take their retirement in September 2021.

COO Tracey Orr and CFO Louise McFadzean have played pivotal roles at one of largest independent retail co-operative societies in the UK over the past 36 years and 18 years respectively.

Under their leadership, at half year this year the retailer saw results of +6.4% to £486.4m, with Trading Profit up from £11.4m to £19.3m.

The pair will leave their roles at the Society in the summer of 2021 and the recruitment process for their successors is currently underway.

The Executive team will continue to be supported by long-serving Society Secretary Jim Watts and the Board of Directors as they work towards the recruitment of a new team.

Debbie Robinson, Central England Co-op Chief Executive, said: “After starting in my role at Central England Co-op, one of my first jobs was focusing attention on building a talented team to ensure we continue to thrive as a successful independent Co‑operative society.

“This led to my appointing the very talented Tracey Orr to the role of COO, bringing her wealth of experience to our family of businesses, and Louise McFadzean was promoted to the role of CFO, providing a high degree of technical expertise and governance.

“Tracey has brought exceptional levels of judgement to her role and her expertise has been honed during a career dedicated to the Society. She has filled many roles, including HR and Change, and she has championed the Society’s understanding of mental health issues. Most recently, in her role as the Society’s COO, she has demonstrated her invaluable ability to build highly performing teams to deliver brilliant results.

“Louise has sustained the health of our finances and performance with her incredible eye for detail and drive for the highest standards. Louise has pioneered flexible working and has proved that it can succeed at the highest level.  Since taking on the role as CFO she become an outstanding member of the Executive.

“With Jim Watts as Society Secretary, our Leadership Team fully recruited, and the annual Board Elections recently completed, we have a solid base from which to plan. The Society has many talented people and there will clearly be opportunities for future development.

“Thanks to the inspiring leadership of Tracey and Louise, the Society is in a solid financial position, with exciting developments on the horizon, particularly around new channels to market in both our food and funeral businesses.

“On behalf of the Board, our colleagues, members and customers, and myself, I want to extend our most sincere thanks to Tracey and Louise for the outstanding job that they have done, and the strong position in which they will leave the Society. We wish them every success in the future.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Christmas ‘Treecycling’ scheme launched to support hospice

Ward, the Midlands-based metal recycling and waste management specialist, has once again partnered with Treetops Hospice Care and Maple Tree Care tree surgeons to...

Disability-related tribunal cases increased 133% over past five years

Disability-related tribunal cases have increased 133% over the past five years, making it the second most prevalent type of workplace discrimination, new research shows. Through...

Breedon completes £12.2m deal with Tillicoultry Quarries

Breedon's deal to dispose of certain assets to Tillicoultry Quarries Limited for £12.2m has completed, allowing the company to progress its £178m CEMEX acquisition. Following...

Newark-based managed service provider snaps up AWS consulting firm

Newark-based Timico has acquired Arcus Cloud Services Limited (ACS), the Amazon Web Services (AWS) advanced consulting firm, representing a further step towards Timico becoming...

Rolls-Royce acquires supplier of ship control systems

Derby's Rolls-Royce has acquired Servowatch Systems, a UK-based international supplier of integrated marine automation solutions for navies, commercial vessels and large yachts. Representatives of Rolls-Royce's...

Related news

Claim £1,000 in funding to support your recruitment, with the help of the University of Derby

We understand that this can be an uncertain time to recruit, and so to ease those concerns, the University of Derby can support Derbyshire...

Christmas ‘Treecycling’ scheme launched to support hospice

Ward, the Midlands-based metal recycling and waste management specialist, has once again partnered with Treetops Hospice Care and Maple Tree Care tree surgeons to...

Disability-related tribunal cases increased 133% over past five years

Disability-related tribunal cases have increased 133% over the past five years, making it the second most prevalent type of workplace discrimination, new research shows. Through...

Breedon completes £12.2m deal with Tillicoultry Quarries

Breedon's deal to dispose of certain assets to Tillicoultry Quarries Limited for £12.2m has completed, allowing the company to progress its £178m CEMEX acquisition. Following...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close