Sainsbury(J) PLC
09 September 2002
Ian Coull to leave Sainsbury's
Ian Coull (52), Director of J Sainsbury plc and chief executive of Sainsbury's
Property company, will be resigning after 14 years with the company. He leaves
Sainsbury's at the end of this year to join Slough Estates plc as chief
executive in January 2003.
Sir Peter Davis, chief executive of Sainsbury's said 'Ian has made a significant
contribution to Sainsbury's over the time he has worked for the company. This
new job opportunity is an important move for him and we offer our
congratulations. He leaves with our very best wishes for his future and with
our thanks. We have a large retail property estate (c £4.5bn) and the
development of it is an important part of our business transformation process
within Sainsbury's ; we need to find the best person to lead the plans we have
in train. We have initiated a search for a new chief executive of Sainsbury's
Property company and will be evaluating external and internal candidates.
Contacts:
Media: Jan Shawe
Pip Wood 0207 695 7295
Investor Relations: Roger Matthews
Lynda Ashton 0207 695 7662
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