Saga names incoming CEO

Euan Sutherland

Saga has appointed Euan Sutherland as the groups incoming CEO, with effect from 6 January 2020, as Lance Batchelor retires.

Batchelor will continue as a statutory director until he leaves the business on 31 January 2020.

Prior to this role, Sutherland,pictured, was CEO of Superdry for five years. He was also previously a CEO of the Co-op group and chief operating officer and UK CEO at Kingfisher.

Patrick O’Sullivan, Saga chairman, said: “Euan has substantial experience across several consumer-facing businesses that will be invaluable as we continue the Saga transformation, with our customers at the heart of our strategy. 

“Alongside the recent appointments of Cheryl Agius as CEO of Insurance and Gilles Normand as COO, the board has every confidence in the team now in place to lead and accelerate Saga’s turnaround strategy.

“On behalf of the board, I would like to thank Lance for focusing on reinvestment over the last six years and for launching our membership scheme, Saga Possibilities, and wish him well for the future.”

Sutherland said: “This is a unique British brand that has a strong heritage, great people and significant potential. I look forward to working with the Board and the whole of the Saga team to further unlock this potential and deliver for our customers and shareholders.”

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