Sainsbury's appoints ex-Deloitte chairman Martin Scicluna

By

Sharecast News | 11 Jul, 2018

08:20 18/11/24

  • 245.40
  • 0.33%0.80
  • Max: 246.00
  • Min: 244.78
  • Volume: 42,645
  • MM 200 : 261.74

Sainsbury's has appointed former Deloitte audit chief and current Great Portland Estates chairman Martin Scicluna to be the supermarket group's chairman next March.

Scicluna, who will step down from GPE in around a year's time, will join the Sainsbury's board as chairman-designate and non-executive director from 1 November.

Current chairman David Tyler, who is approaching nine years' on the board, is expected to step down from the beginning of the new financial year in March 2019 or soon after.

Senior independent director Susan Rice, who led the hiring process, highlighted Scicluna "breadth of experience and leadership" that would be added to the board at the pivotal time for the business as it looks to merger with rival Asda.

Last news