Andy Street, managing director of John Lewis Partnership, will be leaving the role on October 28 to pursue a career in local politics.
His departure follows a 31-year career with the business, including nine years in the post of managing director.
It was confirmed last night that Andy has been selected as the official Conservative Party candidate for the office of Mayor of the West Midlands. His successor will be announced in due course.
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.”
Andy Street said: “It has been a privilege to lead John Lewis through a transformational period in the retail industry, and I’m 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 [staff] across the country, and I know that they will continue to serve our customers with distinction.”
The John Lewis Partnership operates 47 John Lewis shops across the UK, johnlewis.com, 350 Waitrose shops, waitrose.com and business to business contracts in the UK and abroad. The business has annual gross sales of over £11bn. It is the UK’s largest example of an employee-owned business where all 88,900 staff are Partners in the business.