Darren Shapland, Group Development Director for supermarket group Sainsbury’s, has today announced his decision to stand down from his position.
Current Managing Director for Non-food and member of Sainsbury’s Operating Board Luke Jensen will take over in the role from Shapland, with the switch taking affect after the retailer’s AGM on July 13th 2011.
Despite wanting extra time to pursue a number of personal interests in the future, Shapland will continue with the group as Non-Executive Chairman of Sainsbury’s Bank receiving remuneration of £150,000 pa.
Justin King, CEO of Sainsbury’s, said: “I have enjoyed working with Darren both personally and professionally and thank him for the considerable contribution he has made to the recovery programme, Making Sainsbury’s Great Again, over six successful years.
“I am confident that with the appointment of Luke, together with the strong leadership team we have in place, our growth agenda will continue as planned.”
Shapland joined the company in 2005 as Chief Financial Officer (CFO) before becoming Director of Development last July, whilst Jensen started as Strategy Director in June 2008 before becoming Managing Director for Non-Food the following year.
Development and expansion plans have been key to Sainsbury’s over the few years, whether its been opening several of its largest ever retail stores or improving its non-food brands such as clothing range TU.
Such was the breadth of Shapland’s remit that Jensen will not be asked to take on all of his responsibilities, with King assuming direct control for development of Sainsbury’s convenience business whilst CFO John Rogers will look after the property aspects of Shapland’s role.
Shapland added: “It has been a real pleasure to work within a successful team at Sainsbury’s, helping my colleagues implement the turnaround of the Company and the move from recovery to growth.
“The business is in great shape and this feels an appropriate time to move on so that I can pursue a number of my personal interests. I am pleased to continue to be involved with the company in my ongoing role at Sainsbury’s Bank.”