John Lewis Partnership (JLP), the parent company of UK retail brands Waitrose and John Lewis, has confirmed the appointment of Andy Mounsey as new chief financial officer (CFO) to drive its financial strategy.

Mounsey had been serving in this capacity on an interim basis since late 2024 and is to assume the role permanently with immediate effect.

Prior to his appointment as CFO, Mounsey occupied several finance roles at JLP, including group finance and strategy director.

His professional background is further complemented by a 12-year stint at EY, where he provided advisory services as a chartered accountant to major listed clients within the consumer sector globally.

Mounsey said: “I'm honoured and excited to take on the role of chief financial officer at such a transformative time for JLP. We’re seeing solid progress in our key financial metrics and continued improvements in customer sentiment.

“I look forward to working with the entire team to build on this progress and ensure the long-term financial strength of our unique business.”

This announcement follows a recent report by JLP detailing a significant increase in profit before tax and exceptional items.

The figures showed a threefold rise to £126m ($163.12m) from £42m during the fiscal year 2024/2025.

In addition to his CFO duties, Mounsey will also join JLP’s board, effective immediately.

The leadership team had previously seen changes last year when Jason Tarry was named as chairman, taking over from Sharon White.

Tarry said: “Andy’s contribution as interim CFO has been invaluable, and it’s great to have him as part of the team. His deep understanding of JLP and the retail sector, combined with his extensive experience in various senior finance roles, makes him ideal for this position.

"I’m confident that Andy's leadership will be instrumental in driving our financial strategy and ensuring the long-term success of JLP.”