Management Change

Sainsbury(J) PLC 21 March 2006 21 March 2006 J Sainsbury plc: change to operating board Sainsbury's today announces a change to its operating board. Tim Pile, chief executive officer of Sainsbury's Bank plc, has agreed to step down from his role with immediate effect. Jim Kinloch, currently Finance Director, will manage Sainsbury's Bank in the interim, until a successor is announced. Jim will report to Darren Shapland, chief financial officer of Sainsbury's, who will take on operating board responsibility for Sainsbury's Bank. Justin King, chief executive of Sainsbury's said 'Tim has been with the Bank for more than four years, and has led us through a period of enormous change. As the Bank continues to grow we believe it is now the right time to look for new leadership.' Enquiries: Investor relations Media +44 (0) 20 7695 7162 +44 (0) 20 7695 6127 Lynda Ashton Pip Wood This information is provided by RNS The company news service from the London Stock Exchange
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