LONDON, April 29 Co-operative Group
director Stuart Ramsay left the board of the
supermarkets-to-funerals mutual on Tuesday after an internal
investigation into a series of leaks, according to a person
familiar with the matter.
The Co-op is fighting for its survival after posting the
worst loss in its history earlier this month, and there has been
bitter infighting among board members about its future strategy
and proposals for reform.
Former Chief Executive Euan Sutherland, who was pushing for
wide-reaching changes, resigned last month after his pay was
leaked to a newspaper. He said the group, which has a complex
board populated from regional co-operatives, was "ungovernable."
Ramsay, a computer technician who has been involved with the
Co-operative for 25 years, according to its website, was asked
to step down immediately after an investigation into the
dissemination of sensitive board material, the person familiar
with the matter said.
An independent report into the near collapse of the mutual's
banking arm, the Kelly review, is expected to be published on
(Reporting by Paul Sandle, editing by G Crosse)