The Annual General Assembly of Coop Italia has approved the retailer’s 2018 results and renewed its governance structure.
Marco Pedroni has been confirmed as president of the retailer cooperative, supported by Antonio Bomarsi as vice president.
Maura Latini, the former general manager of the business, takes on the role of managing director.
Total sales at Coop Italia amounted to €14.8 billion in 2018, of which €13.4 billion was related to retail activities.
The retailer posted a profit of €1.08 billion. It managed to achieve savings of over €215 million for its member cooperatives as a result of negotiations with suppliers, which in turn made it possible to stabilise or cut prices for end consumers, it said.
The Assembly also agreed to strengthen Coop's strategy of investing heavily in environmental and corporate social responsibility issues: reducing and recycling plastics; improving packaging; introducing precision farming in Coop fruit and vegetables; eliminating four herbicides from its supply chain (including glyphosate); reducing and eliminating antibiotics in animal husbandry; and strengthening its agri-food chains.
Coop Italia is one of 50 Italian companies that has joined the EU’s Plastics Pledge, which will see the retailer invest €80 million over the next three years in reducing its plastic usage.
Separately, Coop Alleanza 3.0 has implemented a strategic partnership with PayPal for payment of purchases made on its online shopping service EasyCoop.
Customers of Italy’s largest consumer cooperative can now checkout directly with their PayPal account on the EasyCoop website.
Launched in 2016, the online shopping service is available in Rome and in the Emilia-Romagna and Veneto regions.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.