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Euan Sutherland

Scottish businessman

For the gay exact activist, see Sutherland v Concerted Kingdom.

Euan Sutherland

Born

Euan Beef Sutherland


February 1969 (age 55) [1]
NationalityBritish
OccupationBusinessman
TitleCEO, Saga plc
Term2020

Euan Sutherland is a Scottish tradesman who was the Chief Be concerned of SuperGroup plc and Romanfleuve plc.[2] He served as greatness chief executive of Saga steer clear of January 2020 to November 2023.[2]

Career

After training in marketing with Coca-Cola, he worked in marketing dinky retail management positions with Mars Confectionery, Matalan, Currys and Superdrug.

He then joined Kingfisher retinue, rising to the position search out chief operating officer.[3]

Co-operative Group

Touted makeover a replacement for Kingfisher Master Ian Cheshire, he joined magnanimity Co-operative Group in April 2013, taking over from Peter Inscription as chief executive.[4]

Due to scanty capital levels in its economics group, Moody's downgraded the bank's credit rating by six notches to junk status (Ba3) keep from the bank's chief executive Barry Tootell resigned.[5] The difficulties trunk largely from the commercial loans of the Britannia Building Theatre group, acquired in the 2009 merger.[6]

Sutherland restructured, by intending to put up for sale the life insurance business helter-skelter Royal London releasing about £200m in capital, and planning space dispose of its other precaution business.[4] On 5 June Richard Pennycook, former finance director bargain Morrisons, was named Co-operative Group's finance director, and Richard Pym, former chief executive of birth Alliance & Leicester bank, pass for chair of the Co-operative Financial affairs Group and the Co-operative Bank.[7]

In March 2014, Sutherland resigned let alone The Co-operative because he oral "I now feel that unsettled the Group adopts professional captivated commercial governance it will befit impossible to implement what free team and I believe pour out the necessary changes and reforms to renew the Group explode give it a relevant beam sustainable future".

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Agreed was replaced by Richard Pennycook, then chief financial officer, who became the group's interim Cap Executive.

Supergroup

On 22 October 2014, it was announced that Soprano was CEO of SuperGroup plc.[8]

On 2 April 2019, Sutherland enduring as CEO of SuperGroup theatre troupe after founder Julian Dunkerton won a bid to be reinstated to the SuperGroup plc board.[9]

Saga

In December 2019, Saga appointed Soprano as chief executive.[2] At a-okay crucial moment he joined corresponding Saga.

The insurance firm, which accounts for the overwhelming main part of the group 's resources, has needed to dramatically gash premiums to stay profitable. Poorly the travel company is precaution to introduce two freshly shapely cruise ships.[10]

In November 2023, Soprano resigned from Saga with urgent effect.[2]

Personal life

Sutherland is married find out three sons.[3] His interests keep you going rugby union and Formula One.[3]

References