Sainsbury’s has announced the appointment of Martin Scicluna as its new Non-Executive Chairman. Scicluna will join the Board as Chairman-Designate and Non-Executive Director from November 1.
Scicluna will work with current chairman David Tyler for a handover period and assume the role of Chairman from the beginning of the new financial year in March 2019 or soon after, said a statement from the company.
Scicluna said: “I’m delighted to join Sainsbury’s, a company I have long admired for its clear customer focus and its strong values. Mike Coupe and his management team have positioned the business for a successful future of delivering significant value for shareholders, customers and other stakeholders. I am looking forward to working with Mike and his team and my new Board colleagues.”
Tyler, who has held the role of Chairman for nine years, would step down from the Sainsbury’s Board once Scicluna takes over.
“I have greatly enjoyed my nine years as Chairman of Sainsbury’s. The retail industry has undergone immense change during this period and we have transformed our business so that it can continue to succeed in the medium and long term. I remain fully involved in and committed to the business and look forward to welcoming Scicluna to the Board,” Tyler commented.
Dame Susan Rice, Sainsbury’s Senior Independent Director, who led the search for new chairman, 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.
“Scicluna 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.”
Scicluna is Chairman of RSA Insurance. He was Chairman of Deloitte and a Partner for 26 years serving clients including Dixons, WH Smith, Alliance Unichem and Cadbury’s.
He is also currently Chairman of Great Portland Estates and will step down as Chairman and non-executive director at or before its 2019 AGM. His previous roles include: Senior Independent Director and Chair of the Audit Committee of Worldpay plc; Non-Executive Director and Chair of Audit Committee at Lloyds Banking Group plc.