John Lewis chair Sharon White to leave next year-BBC

Sharon White, the chair of British retailer John Lewis Partnership, plans to step down next year at the end of her five-year term, the BBC reported on Monday.

White is said to have told the board of John Lewis, Britain's biggest department store chain which also operates Waitrose supermarkets, that she will not seek a second term. The company, which is owned by its employees, said last month that its turnaround would take two years longer than planned and cost more money after reporting another loss for the most recent six months.

John Lewis did not immediately respond to a request for comment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)