John Lewis Partnership names new chief financial officer
What: John Lewis Partnership appoints Andy Mounsey as permanent CFO following successful interim period, strengthening financial leadership during transformation.
Why it is important: The appointment ensures strategic continuity during a crucial period of retail transformation, as evidenced by the company's recent return to profitability and substantial investment plans.
The John Lewis Partnership has appointed Andy Mounsey as its permanent chief financial officer, following his successful tenure as interim CFO since autumn 2024. With 13 years of experience across various finance roles within the Partnership, Mounsey brings deep understanding of both the retail sector and the organisation's unique structure. The appointment comes at a pivotal time for the company, which has recently reported a 73% increase in profits to GBP 97 million and is implementing a GBP 600 million transformation programme. Partnership chair Jason Tarry highlighted Mounsey's invaluable contribution during his interim period and his extensive experience in senior finance roles. Mounsey expressed enthusiasm about taking on the role during this transformative period, noting solid progress in key financial metrics and improved customer sentiment. The company is currently stepping up investment for customers and Partners while maintaining strong financial health, demonstrating its commitment to long-term strategic growth.
IADS Notes: The appointment of Andy Mounsey as CFO marks a significant milestone in John Lewis Partnership's transformation journey. In March 2025, the company reported tripled profits and announced a GBP 114 million investment in staff pay, demonstrating its financial resilience. This followed October 2024's strategic pivot under new chair Jason Tarry, who streamlined leadership structures and initiated an GBP 800 million investment in store renovations. The company's February 2025 revival of the "Never Knowingly Undersold" pledge, enhanced by AI technology, has already shown positive results in customer engagement, setting the stage for Mounsey's permanent appointment to guide the Partnership's financial strategy.
