Directorate Change

RNS Number : 1826E

Sainsbury(J) PLC

08 May 2013

 



Press Release

8 May 2013

J Sainsbury plc announces new Non-Executive Director

J Sainsbury plc today announces that Lady Susan Rice CBE will be joining the Board as a Non-Executive Director on 1 June 2013.

Susan is currently Managing Director, Lloyds Banking Group Scotland and was the first woman to head a UK clearing bank as Chairman and Chief Executive of Lloyds TSB Scotland plc.  Prior to this, Susan held several senior roles at NatWest Bancorp in the USA.

Susan is a Non-Executive Director on the Court of the Bank of England, where she chairs the Audit & Risk Committee.  She is also a Non-Executive Director of SSE plc (Scottish and Southern Energy), where she chairs the Remuneration Committee, and also of Big Society Capital.  Susan is a frequent speaker on financial services, leadership and sustainability and chairs a UK-wide initiative to create professional standards for bankers - the Chartered Banker: Professional Standards Board.

Commenting on the appointment, David Tyler, Sainsbury's Chairman, said:  "We are very pleased to welcome Susan to the Board of Sainsbury's.  She has wide experience as a Non-Executive Director, and her career in retail banking is particularly relevant in light of today's announcement of the agreement to take full ownership of Sainsbury's Bank."

Susan Rice said:  "I'm delighted to join the Sainsbury's Board at this exciting time, and very much look forward to playing my part in the company's future progress."

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