Sainsbury Taps Deloitte Veteran as Chairman Before Asda Deal

U.K. grocer J Sainsbury Plc named Martin Scicluna as its chairman, tapping a former senior executive at accounting firm Deloitte as it prepares to add Walmart Inc.’s Asda unit in a 7.3 billion-pound ($9.7 billion) deal. Scicluna, who is also chairman of RSA Insurance Plc, will replace David Tyler in March or soon after, following a five-month handover period, Sainsbury said in a statement ahead of its annual shareholder meeting on Wednesday. “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,” Susan Rice, Sainsbury’s senior independent director, said in the statement.