John Lewis Partnership Finance Director Marisa Cassoni will be retiring from the company’s board next year, it was announced this afternoon.
Having spend five years at the retail group, Cassoni will vacate her role at the end of the 2011/12 reporting cycle.
The departing FD is currently leading the partnership’s Finance Optimisation and IT Transformation programmes, which the business hopes will result in a number of operational improvements, and she has agreed to stay on at John Lewis until both of these schemes are completed next summer.
Charlie Mayfield, Chairman of the John Lewis Partnership, said: “Marisa has made an enormous contribution to the partnership over the last five years.
“I am delighted that she will remain with us after stepping down from the Finance Director role to see the two projects that she is leading through to completion.”
The partnership says it will begin the process to find a suitable successor for Cassoni in due course.
Meanwhile, John Lewis opened its fifth ‘at home’ branch yesterday.
The store, located at the Greyhound Retail Park in Chester, focuses on selling furniture, homewares, furnishing accessories and electrical & home technology products, and has created 200 jobs for the local community.