Grandee ap­pointed to de­liver takeover

Yorkshire Post - Business - - FRONT PAGE - Greg Wright DEPUTY BUSI­NESS ED­I­TOR @ greg­wrightyp

Sains­bury’s has con­firmed City grandee Martin Sci­cluna will be the su­per­mar­ket giant’s next chair­man when David Tyler checks out next year.

The chain an­nounced in April that it had be­gun the search for a successor for Mr Tyler, who has served nearly nine years in the role.

Sains­bury’s – which is press­ing ahead with a £ 12 bil­lion takeover of Big Four ri­val Asda – said Mr Sci­cluna will ini­tially join the board as chair­man- des­ig­nate and nonex­ec­u­tive direc­tor from Novem­ber 1 this year and “work closely” with Mr Tyler for a han­dover be­fore tak­ing over at the helm around next March.

A vet­eran of blue- chip board­rooms, Mr Sci­cluna is cur­rently also chair­man of More Than owner RSA In­sur­ance and holds the same role at prop­erty firm Great Port­land Es­tates, although he is stepping down from the lat­ter next spring.

He has pre­vi­ously served on the board of a raft of firms, in­clud­ing World­pay and Lloyds Bank­ing Group, while he was chair­man of Deloitte and a part­ner for 26 years.

Dame Su­san Rice – se­nior in­de­pen­dent direc­tor at Sains­bury’s, who led the search – said Mr Tyler had been an “out­stand­ing stew­ard of Sains­bury’s” dur­ing his ten­ure.

She said he has pro­vided “in­valu­able strate­gic coun­sel and guid­ance”, in par­tic­u­lar on the com­pany’s takeover of Ar­gos owner Home Re­tail Group and pro­posed Asda deal, which is cur­rently be­ing ex­am­ined by the UK com­pe­ti­tion watch­dog.

She added: “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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