New chairman named for Sainsbury’s
14 September 2009 09:24
Press reports have surfaced naming a former finance director of GUS, the conglomerate which once owned Argos, Homebase, Burberry and Experian, as the replacement for outgoing chairman of Sainsbury's, Sir Philip Hampton.
David Tyler has been named by various sources as the replacement for Sir Philip, who will leave the company following his appointment as chairman of Royal Bank of Scotland.
An official announcement on the appointment is expected from the supermarket in the near future.
Recent financial results saw the firm, which is the UK's third largest supermarket, post bumper first-quarter profits and the firm has raised £430 million for an expansion plan.
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