Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Sainsbury's to name M&S King as CEO

Tuesday 18 November 2003 20:00 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The supermarkets group J Sainsbury is expected to name Justin King, the head of Marks & Spencer's food business, as its new chief executive today when it publishes its interim results.

The beleagured supermarket chain, which was recently relegated to number three slot in the supermarket rankings by Wal-Mart's Asda, is also expected to reveal that its sales have stagnated over the past six months, despite being in the midst of a recovery programme.

Mr King, 47, has previously worked at Asda, PepsiCo and Mars. He is due to take up the post next March, when Sainsbury's current chief exeuctive Sir Peter Davis steps up to become chairman.

Although he has only been at M&S for just over a year, Mr King had been seen as future chief executive at the upmarket retailer. Since his arrival he has overseen the roll-out of M&S standalone "Simply Food" stores. The appointment at Sainsbury's is nevertheless likely to surprise many City observers, who had predicted Sir Peter's deputy Stuart Mitchell would succeed him.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in