Directorate Change

RNS Number : 1993G

Sainsbury(J) PLC

09 May 2011

 



9^th May 2011 

J Sainsbury plc announces management changes

J Sainsbury plc today announces that Darren Shapland, Group Development Director, has informed the Board that he intends to stand down from his position as a director with effect from the company's AGM on the 13^th July 2011. Darren plans to pursue a number of personal interests in future but he will, however, remain with Sainsbury's as Non-Executive Chairman of Sainsbury's Bank.

Luke Jensen, currently Managing Director Non-Food, and a member of the Operating Board of J Sainsbury plc, will take over the role of Group Development Director assuming Darren's existing responsibilities except for Convenience, the Bank and Property. Luke will continue to be a director on the Operating Board. A separate announcement on Non-Food changes will follow in due course.

Justin King, Chief Executive, will assume direct responsibility for the Convenience business whilst John Rogers, Chief Financial Officer, will add Property to his remit.

David Tyler, Chairman of J Sainsbury, said:

"On behalf of the Board and all Sainsbury's colleagues I would like to thank Darren very much for the extremely important role he played in helping to reposition Sainsbury's from recovery to growth. I have valued his input on a day-to-day basis and I am delighted that we will continue to benefit from his advice and experience through his role as Chairman of Sainsbury's Bank."

Justin King, Chief Executive of J Sainsbury, said:

"I have enjoyed working with Darren both personally and professionally and thank him for the considerable contribution he has made to the recovery programme, Making Sainsbury's Great Again, over six successful years.

I am confident that with the appointment of Luke, together with the strong leadership team we have in place, our growth agenda will continue as planned."

Darren Shapland added:

"It has been a real pleasure to work within a successful team at Sainsbury's, helping my colleagues implement the turnaround of the Company and the move from recovery to growth. The business is in great shape and this feels an appropriate time to move on so that I can pursue a number of my personal interests.  I am pleased to continue to be involved with the Company in my ongoing role at Sainsbury's Bank."

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Mark Rigby / Ben Crowther:  020 7695 7295

Notes to editors:

1.      Darren Shapland will receive remuneration of £150,000 pa for his role as Non-Executive Chairman of Sainsbury's Bank.  He joined Sainsbury's in 2005 as CFO and was appointed Group Development Director on 19 July 2010.

2.      John Rogers' basic annual salary will increase to £500,000 to reflect his additional responsibilities. He joined Sainsbury's in 2005 and was appointed as Chief Financial Officer on 19 July 2010.

3.      Luke Jensen joined Sainsbury's Operating Board in June 2008 as Strategy Director. He was appointed to the position of Managing Director Non-Food in 2009. In this role he was responsible for driving the profitable growth of Sainsbury's in General Merchandise, Clothing and Entertainment and for the development of the Company's Far East direct sourcing operation, Sainsbury's Asia.

 

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