Advertisement
UK markets close in 3 hours 9 minutes
  • FTSE 100

    8,036.91
    +13.04 (+0.16%)
     
  • FTSE 250

    19,694.47
    +95.08 (+0.49%)
     
  • AIM

    753.34
    +4.16 (+0.56%)
     
  • GBP/EUR

    1.1620
    +0.0031 (+0.27%)
     
  • GBP/USD

    1.2406
    +0.0056 (+0.45%)
     
  • Bitcoin GBP

    53,203.78
    +175.70 (+0.33%)
     
  • CMC Crypto 200

    1,422.00
    +7.24 (+0.51%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    81.19
    -0.71 (-0.87%)
     
  • GOLD FUTURES

    2,319.90
    -26.50 (-1.13%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    18,038.04
    +177.24 (+0.99%)
     
  • CAC 40

    8,075.97
    +35.61 (+0.44%)
     

Sainsbury's searches for new non-execs after planned departures

FILE PHOTO: Shoppers walk past the first 'till-free' Sainsbury's store in London, Britain

LONDON (Reuters) - British supermarket chain Sainsbury's said it was looking for two new board members after non-executive directors Matt Brittin and Jean Tomlin announced plans to leave next year.

The departures come as Sainsbury's CEO of five years Mike Coupe and its new chairman Martin Scicluna try to rebuild confidence in the supermarket's strategy following a botched attempt to take over rival Asda.

Sainsbury's said Brittin would step down after nine years in line with good corporate governance, while Tomlin planned to leave for personal reasons after almost seven years on the board.

"Sainsbury's is searching for replacements for both Matt Brittin and Jean Tomlin. Further announcements will be made in due course," the company said in a statement on Wednesday.

Their exact leaving dates were not yet confirmed.

(Reporting by Sarah Young; editing by James Davey)