Directorate Change

RNS Number : 2420Z

Sainsbury(J) PLC

17 September 2009

 



17 September 2009

J Sainsbury plc announces new chairman

J Sainsbury plc today announced that David Tyler is to be appointed as non-executive chairman. David Tyler will join the company's Board on 1 October 2009 and assume the role of chairman from 1 November 2009 after a handover from Philip Hampton. 

'I am delighted to take on the role of chairman of Sainsbury's', said David Tyler. 'The company plays a major part in the lives of millions of people each week and the group's performance has demonstrated that the brand is flexible and attractive to a wide range of customers. The company is in very good shape under Justin King's leadership and I look forward to working with everyone at Sainsbury's to help it become even more successful.'

John McAdam, Sainsbury's senior independent director who led the search for the new chairman on behalf of the company's Nomination Committee, said 'Given his experience and background, David Tyler was the outstanding candidate for the chairman role and we are delighted that he has agreed to join Sainsbury's. He will be an excellent addition to our senior team. My colleagues and I look forward to welcoming him as chairman of the Board.'

Justin King, Sainsbury's chief executive, said 'David has a broad range of experience that makes him ideal for the chairman role and I look forward to working with him. On behalf of the company I'd also like to thank Philip Hampton for his contribution to Sainsbury's over the past five years and for the significant part he has played in the company's recovery.' 

Enquiries

Investor Relations	Media
Anna Tee	Pip Wood /Gillian Taylor
[phone]	[phone] / [phone]

Notes:

1.	David Tyler (56) is non-executive chairman of Logica plc and currently a non-executive director of Experian plc, Burberry Group plc, where he also chairs the Remuneration Committee, and Reckitt Benckiser Group plc.
2.	He was previously group finance director of GUS plc (1997–2006). Other executive experience includes senior financial and general management roles with Christie’s International plc (1989-96), County NatWest Limited (1986-1989) and Unilever plc (1974-1986). He was also chairman of 3i Quoted Private Equity plc from 2007, when it floated, until April 2009.
3.	It is envisaged that he will spend between two to three days a week in his role at Sainsbury’s.
4.	David Tyler will be paid £450,000 per annum.
5.	Sainsbury’s will announce its Second Quarter Trading Statement for the 16 weeks ending 3 October 2009 on 7 October 2009.

 

END

 

 

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