Sainsbury's announces appointment of new non-exec chairman
Sainsbury’s is to apppoint Martin Scicluna as its new non-executive chairman to succeed David Tyler.
He will join the Sainsbury’s board as chairman designate and non-executive director from 1 November.
Working closely with Tyler during a handover period, Scicluna is expected to assume the role of chairman at the start of the supermarket's new financial year in March 2019 or soon after, at which point Tyler will step down from the board.
Sainsbury’s announced in April that it would be seeking a new chairman to replace Tyler as he was approaching nine years of service in the role.
Scicluna is chairman of RSA Insurance and holds the same position at Great Portland Estates but will be stepping down from the latter role either before or at the company’s AGM in 2019.
His previous roles include senior Independent director and chair of the audit committee of Worldpay and non-executive director and chair of audit committee at Lloyds Banking Group. He was also chairman of Deloitte and a partner in the firm for 26 years where clients included Dixons, WH Smith, Alliance Unichem and Cadbury’s.
Dame Susan Rice, Sainsbury's senior independent director who led the search for Tyler’s replacement, said: "David has been an outstanding steward of Sainsbury's during his time as chairman, providing invaluable strategic counsel and guidance, including on the acquisition of Home Retail Group and the proposed combination of Sainsbury's and Asda. We are grateful for his substantive and important ongoing contribution.
“Martin brings a breadth of experience and leadership and we look forward to welcoming him to the Sainsbury's board at this pivotal time for the business."
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