The money will support food banks, a funeral bereavement fund and other causes 'close to my heart'.
Co-op’s chief executive is donating part of his salary to launch a fund for food banks and other community causes.
Steve Murrells will give a fifth of his £750,000 salary for the next three months into the Co-op Members’Money will be channelled into food banks, a funeral hardship fund and frontline community causes, the company said. The fund has been established so that the Co-op’s 4.6 million members can donate their unspent existing member rewards, totalling more than £30 million, into the areas. Initially it will be supporting food banks, a funeral bereavement fund established for those in financial hardship and local causes that are already being supported by the Co-op.
Mr Murrells said the fund will support food banks, a funeral bereavement fund and those in financial hardship Advertisement Mr Murrells, whose annual salary is three quarters of a million pounds, said: ‘Millions of people are suffering financial hardship at the moment and so it felt right for me to offer to take this pay cut and directly support causes which are very important to me and close to my heart.
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