John Lewis Partnership CEO Nish Kankiwala is transitioning from his role as chief executive to a non-executive position, reinforcing a strategic transformation.
- Kankiwala, who shifted from a non-executive to CEO in March 2023, will resume his non-executive role on the board in March 2025.
- This change coincides with the appointment of new chairman Jason Tarry, who succeeded Dame Sharon White.
- The Partnership has significantly reduced its pre-tax losses, achieving a notable turnaround in financial performance.
- Kankiwala expressed pride in leading the transformation, with an optimistic outlook towards supporting future endeavors.
Nish Kankiwala, presently the CEO of John Lewis Partnership, is set to transition back to a non-executive role by March 2025. He initially moved from a non-executive position to CEO in March 2023, at a pivotal time for the organization. This strategic move aimed to accelerate the transformation phase initiated to enhance retail operations.
In the leadership shift, Jason Tarry takes over as chairman, following the tenure of Dame Sharon White. Kankiwala’s transition supports Tarry’s new leadership, ensuring continuity in the transformation efforts.
The financial metrics of the John Lewis Partnership show a promising trajectory, with pre-tax losses cut down from £59 million to £30 million by July 27, signaling potential profitability by year-end.
Through Kankiwala’s leadership, the company has witnessed a refreshing of its strategic focus towards core retail functions, significantly improved cash flows, and a return to profit. His tenure has been characterized by transformative efforts, aiming at sustainable growth and increased investment.
Kankiwala articulated a deep sense of fulfillment from his leadership period, commending the dedication of partners in achieving these milestones. He stated, ‘It’s been the privilege of my life to lead the Partnership as CEO during this period of intense transformation.’
As he steps back into an advisory capacity, Kankiwala remains optimistic about the company’s trajectory under Tarry’s guidance, expressing confidence in the continued success and innovation of the Partnership.
Nish Kankiwala’s transition marks a new chapter for John Lewis Partnership, promising sustained growth and strategic continuity.
