Additional Information


Content

Justin King steps down from Sainsbury's

Sainsbury's has today announced that chief executive Justin King has decided to step down from his role after 10 years.

Justin King: announces departure from Sainsbury's

Justin King: announces departure from Sainsbury's

Share this article

King will leave the company at its AGM in July and Mike Coupe, currently group commercial director, will take over as the new chief executive.

After a decade at the helm of the supermarket, King said: "This was not an easy decision for me to make, and in truth it will never feel like the right time to leave a company like Sainsbury's.

"It has been a privilege to have led the Company for the past 10 years and I am incredibly proud of our achievements in that time.

"It is the 157,000 colleagues that make Sainsbury's so special and I would like to thank them for their amazing efforts over the past decade in making Sainsbury's great again.

"I am confident that under Mike's leadership the business will go from strength to strength."

Sainsbury's chairman said that Coupe was a unique talent. "No one knows Sainsbury's - or the industry - better than Mike. He has worked hand-in-hand with Justin over the past decade and has a proven track record of success making him the natural choice to take the company forward."

Coupe added: "It's an absolute honour to be appointed as the new CEO of Sainsbury's in this, the Company's 145th year, and at a time when thanks to Justin's leadership, we have been consistently outperforming the market. 

"I very much look forward to building on that success for our customers, colleagues, suppliers and shareholders."

The King has left the building: examining Justin King's Sainsbury's legacy

This article was first published on marketingmagazine.co.uk

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

FROM THE BLOGS

The Wall blogs

We need new news External website

by Grace Regan, 22/10/2014

 

5 tips for a cross-device Christmas External website

by Nimeshh Patel, 22/10/2014

 

Nice one. External website

by Andy Nairn, 21/10/2014

 

Back to top ^