// John Lewis announces new chairman
// Ofcom CEO Sharon White will join as chairman in 2020
// White will be paid a £990,000 salary
John Lewis has announced that Ofcom chief executive Sharon White will join as the department store chain’s new chairman.
White will be replacing Sir Charlie Mayfield, who revealed back in November that he will be stepping down as chairman in 2020.
She will be responsible for overseeing John Lewis stores as well as the Waitrose supermarkets. She has been serving as Ofcom’s chief executive since 2015.
John Lewis confirmed that White will be paid a £990,000 salary, which is a huge climb compared to her £275,000 salary at Ofcom.
Up until her appointment, White had been seen as a leading contender to become the next governor for the Bank of England.
“Sharon White has had a stellar career in a number of senior strategic and executive roles and during a thorough, wide-ranging and extremely competitive search she stood out as an exceptional candidate,” Mayfield said.
“I believe she has the vision, leadership, drive and flair to steer the partnership through its next phase.”