Directorate Change

RNS Number : 9495N

Sainsbury(J) PLC

21 June 2010

 



J Sainsbury plc

RNS announcement

Monday 21 June 2010

SAINSBURY'S ANNOUNCES CHANGES TO THE PLC BOARD AND OPERATING BOARD

Sainsbury's is today announcing changes to positions on the plc Board and also on its Operating Board.  The changes will support and drive the Company's long-term growth strategy and strengthen the leadership team.

Mike Coupe, currently Trading Director, will become Group Commercial Director on the plc Board, assuming responsibility for Marketing in addition to his responsibilities for Trading, IT and On-line.

Darren Shapland, currently Chief Financial Officer, will become Group Development Director on the plc Board. This new role, in addition to ensuring the Company's existing growth plans are realised, will lead the delivery of future plans and includes responsibility for new business development as well as Convenience, Sainsbury's Bank, Property and Group strategy.

John Rogers will join the plc Board as Chief Financial Officer. John currently holds the role of Property Director on the Operating Board, having previously been Director of Group Finance and Director of Corporate Finance and has 20 years experience in financial management and strategy.

In addition to the above, Helen Buck is appointed to the Operating Board as Convenience Director, reporting to Darren Shapland.  Helen joined the Company in 2005 and has held several senior roles, most recently as Business Unit Director, Grocery. She has nearly 30 years experience in retail businesses and strategic consulting.

Commenting on the changes, David Tyler, Chairman, said "I am delighted to welcome John Rogers to the plc Board. He brings a wealth of financial and strategic experience to the plc team and has done an excellent job in the last two years in helping to build one of the retail industry's biggest property pipelines. His appointment reflects the exceptional pool of talent that Sainsbury's has developed over the last five years".

Justin King, Chief Executive, said "Sainsbury's today is a bigger business than it has ever been. The business now serves over 19 million customers weekly and has significant growth opportunities by accelerating our space expansion, growing the non food business and developing new channels for our customers. Both Darren and Mike have made major contributions to our performance over recent years and their new roles will be vital in delivering the next stage of our growth strategy. John has been a key member of both our financial and operational teams and I am sure he will make a great contribution to the plc Board.

Helen inherits a Convenience business which is in great shape and is one of the exciting areas of growth for the company. She is a highly driven and successful operator and will bring even more energy to the Convenience team and its expansion plans."

The changes will come into effect on 19 July 2010.

-     Ends -

Enquiries:

Investor Relations                    Media                

Anna Tee                                Mark Rigby

[phone]               [phone]

Notes to Editors:

1.   Mike Coupe (49) joined Sainsbury's in 2004 as Trading Director on the Operating Board.  In 2007 he was appointed as Executive Director to the plc Board.  He joined Sainsbury's from Big Food Group where he was a board director of Big Food Group plc and Managing Director of Iceland Food Stores. Mike previously worked for both ASDA and Tesco, where he served in a variety of senior management roles. He is also a member of the supervisory board of GSI UK. As Group Commercial Director his base salary will be increased from £510,000 to £560,000 per annum which reflects the increased portfolio attached to his new role.

2.   Darren Shapland (43) was appointed Chief Financial Officer in 2005 and is also Chairman of Sainsbury's Bank plc. Darren was appointed a Non-Executive Director of Ladbrokes plc in 2009. He was formerly Group Finance Director of Carpetright plc from 2002 to 2005 and Finance Director of Superdrug Stores plc from 2000 to 2002. He also worked at Arcadia. As Group Development Director his base salary remains unchanged at £560,000 per annum.

3.   John Rogers (41) was appointed Property Director in 2008. He was Director of Group Finance from 2007 to 2008 and prior to this role, he was Director of Corporate Finance from 2005. Prior to joining Sainsbury's, he was formerly Group Finance & Strategy Director at Hanover Acceptances from 1999 to 2005. As Chief Financial Officer, he will have a base salary of £425,000.

4.   Helen Buck (50) joined Sainsbury's in 2005 as Brand Communications Director. In 2009 she was appointed Business Unit Director, Grocery. Helen has nearly 30 years experience in various retail and consulting roles at McKinsey & Co, Kingfisher plc, The Boots Company plc and Marks & Spencer plc.

 

END

 

 

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