Co-op chairman quits over drug row

Press Association
Updated
Co-op Bank Downgraded By Rating Agency Moody's
Co-op Bank Downgraded By Rating Agency Moody's

Len Wardle, the long-standing chairman of the Cooperative Group, has resigned with immediate effect after he admitted "serious questions" were raised by the drugs scandal over former banking chairman Paul Flowers.

Mr Wardle, who has held the position since 2007, announced last month that he was due to leave next May but he said it was now right for him to go straight away, having led the board that appointed Mr Flowers.
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