By Reuters
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LONDON - Britain's Co-operative Group said on Friday its chief executive Steve Murrells would step down in May and be succeeded by finance chief Shirine Khoury-Haq as interim CEO.
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The group, which is owned by its members, operates Britain's seventh largest supermarket chain as well as funeral, insurance, legal and energy services.
Murrells, who has been at the Co-op for a decade, said he could not commit for another five years.
Khoury-Haq will become the first woman to lead the Co-op group after May's annual meeting.
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