Belfast Telegraph

Ex-minister joins troubled Co-Op

By nick goodway

Lord Myners has been appointed to the board of the Co-operative Group.

Myners, a former Treasury minister and ex-chairman of Marks & Spencer, will chair a review of the 160-year-old group's governance and democracy. His appointment follows the near-collapse of the Co-op and its subsequent bail-in, which will see it 90% owned by bondholders. It also follows the resignation of Co-op Group chairman Len Wardle and the arrest of former bank chairman Paul Flowers over drug allegations.

Belfast Telegraph