{"id":4107,"date":"2018-11-07T11:38:18","date_gmt":"2018-11-07T11:38:18","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/john-lewis-chairman-sir-charlie-mayfield-to-step-down\/"},"modified":"2018-11-07T11:38:18","modified_gmt":"2018-11-07T11:38:18","slug":"john-lewis-chairman-sir-charlie-mayfield-to-step-down","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/john-lewis-chairman-sir-charlie-mayfield-to-step-down\/","title":{"rendered":"John Lewis chairman Sir Charlie Mayfield to step down"},"content":{"rendered":"\n
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<\/p>\n

\"CharlieImage copyright<\/span>
\n Darren Bell <\/span><\/p>\n

<\/span><\/p>\n<\/figure>\n

John Lewis is searching for a new chairman after Sir Charlie Mayfield said he would step down in 2020. <\/p>\n

The departure comes at a challenging time for the partnership, which posted a 99% fall in half-year profits in September<\/a>. <\/p>\n

A replacement for Sir Charlie is not expected to be announced in the second half of 2019.<\/p>\n

He said he was giving notice now to enable time for a successor to be recruited.<\/p>\n

Sir Charlie said: “Although my departure is still a considerable way off, the appointment of my successor is a key responsibility.<\/p>\n

“It is for this reason I have decided to lay out the timetable now to enable an open and thorough process to select the next chairman of the partnership.”<\/p>\n

Both internal and external candidates for the job will be considered.<\/p>\n

<\/p>\n

Image copyright<\/span>
\n Reuters<\/span><\/p>\n

<\/span>

Image caption<\/span>
\n
\n A furniture and room design area in the John Lewis Oxford Street store
\n <\/span>
\n <\/figcaption><\/figure>\n

Sir Charlie became chairman of the John Lewis group, which also includes Waitrose supermarkets, in 2007.<\/p>\n

He has been at the helm over many years of growth at the business, but more recently it has struggled to cope with rising costs, higher business rates and a weaker pound.<\/p>\n

Its most recent financial results which include Waitrose, showed profits for the six months to 28 July fell from \u00a395m for the same period last year to just \u00a31.2m.<\/p>\n

At the time Sir Charlie blamed stiff competition, saying it was facing down the most promotional market for nearly a decade.<\/p>\n

The department store pledges to be “never knowingly undersold” – cutting prices to match those of competitors, which have also been discounting.<\/p>\n

“This year there has been twice as many extravaganza days as there were a year ago and actually the discounts have been even deeper,” he told the BBC in September.<\/p>\n

“We’re never knowingly undersold at John Lewis, so of course we are matching that, and that affects margins.”<\/p>\n

It was an “extremely valuable” promise, Sir Charlie added.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Darren Bell John Lewis is searching for a new chairman after Sir Charlie Mayfield said he would step down in 2020. The departure comes at a challenging time for the partnership, which posted a 99% fall in half-year profits in September. A replacement for Sir Charlie is not expected to be announced in … <\/p>\n","protected":false},"author":0,"featured_media":4108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4107"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4108"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}