John Lewis managing director Andy Street will step down next month after being selected as a Conservative Party candidate.
After a 31 year career with the John Lewis Partnership, including nine years as managing director, it was confirmed last night that Street has been chosen by the Tories to compete to be the new Mayor of the West Midlands.
The successor to the position of managing director will be announced in due course, John Lewis said in a statement.
Sir Charlie Mayfield, chairman of the John Lewis Partnership, said: “Andy has led John Lewis brilliantly and leaves the brand with great momentum for the future. I would like to thank him for his passionate contribution to the Partnership.”
Street said: “It has been a privilege to lead John Lewis through a transformational period in the retail industry, and I am confident that we have built a business which will continue to thrive while being loyal to its principles.
“The success of John Lewis is down to the hard work and dedication of thousands of Partners across the country, and I know that they will continue to serve our customers with distinction.”
Street will leave John Lewis on October 28.