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CEO who helped save the Co-op from collapse lands new role

Richard Pennycook is a former chairman of THG

Richard Pennycook

A former chief executive of the Co-op who helped rebuilt the group following its banking crisis has landed a new role.

Richard Pennycook has joined a group that runs upmarket service stations as its new director.

Cumbria-based Westmorland operates Tebay Services, Gloucester Services, Ciam Lodge Services, J38 Truck Stop, Tebay Services Hotel and the Rheged Centre.

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Former Carr's Group chief financial officer Neil Austin has also become CFO of the firm, according to new filings with Companies House.

The appointments come after Henry Dimbleby, a co-founder of Leon Restaurants, joined as a non-executive director in September 2022.

Mr Dimbleby, who is the son of veteran BBC broadcaster David Dimbleby, founded Leon with John Vincent and Allegra McEvedy before it was sold to the billionaire Issa brothers in April 2021.

Mr Pennycook was named as CEO of the Co-op in 2014 having previously served as its CFO.