John Lewis finance director to step down

The John Lewis Partnership has announced its executive director of finance, Bérangère Michel, is stepping down from the role later this year after deciding to pursue future career options outside of the business. Michel has spent the past 16 years in various senior leadership positions across retail, supply chain and customer operations in both John Lewis and Waitrose, and most notably as executive director of finance. 

According to John Lewis, she has “supported the improved performance and long-term financial health of the business, leaving the Partnership on a strong footing as a result”.

A process of recruitment to appoint Michel’s successor will now begin, as she is expected to leave the partnership by autumn. 

Michel said: “After 16 fantastic years in the Partnership, and with the business on a strong financial footing with funding secured for the next phase of the plan, it feels like the right time to move on. So I have decided to leave to pursue other opportunities. 

“I have loved every moment of my time in both Waitrose and John Lewis and am extremely grateful for a varied, exciting and impactful career across supply chain, shops, finance and many other teams. I would especially like to thank Partners for making the Partnership a truly special place. I will continue rooting for the Partnership, its great customer service and co-ownership model.”

Nish Kankiwala, CEO of the John Lewis Partnership, added: “I would like to personally thank Bey for her remarkable contribution to the Partnership over 16 years – and most recently for the critical role she has played in co-creating our refreshed plan and new operating model for the business. 

“Her passion for our unique model and commitment and dedication to securing our long-term success have been unwavering. I know Bey will be missed by everyone in the Partnership.”

Sharon White, chairman of the Partnership, concluded: “Bey embodies everything that is special about the Partnership and has been a fervent champion for our ownership model, democracy and values. 

“She will leave the Partnership in a much stronger financial position, overseeing a return to profit, record investment planned for this year and debt at historic lows. Bey has played an instrumental role on the executive team and board and has our very best wishes as she seeks her next challenge.”