Sainsbury’s has appointed Martin Scicluna as its new non-executive chairman to succeed David Tyler, who is stepping down from the role after nine years.
Sainsbury’s first revealed Tyler would be resigning amid its full-year report in May.
Scicluna will join the board of J Sainsbury – the parent company of Sainsbury’s, Tu, Argos and Habitat – as chairman-designate and non-executive director from November 1.
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He will work closely with Tyler for a handover period and Sainsbury’s said it anticipates that Scicluna will assume the role of chairman as early as the beginning of its new financial year in March 2019.
Tyler would officially depart the business soon after.
Sainsbury’s search for a new chairman to replace Tyler was led by senior independent director Dame Susan Rice and the nomination committee.
“David has been an outstanding steward of Sainsbury’s during his time as chairman, providing invaluable strategic counsel and guidance, including on the acquisition of Home Retail Group and the proposed combination of Sainsbury’s and Asda,” Rice said.
“We are grateful for his substantive and important ongoing contribution.”
Scicluna said: “I’m delighted to join Sainsbury’s, a company I have long admired for its clear customer focus and its strong values.
“[Chief executive] Mike Coupe and his management team have positioned the business for a successful future of delivering significant value for shareholders, customers and other stakeholders.”
Tyler added: “I have greatly enjoyed my nine years as chairman of Sainsbury’s.
“The retail industry has undergone immense change during this period and we have transformed our business so that it can continue to succeed in the medium and long term.
“I remain fully involved in and committed to the business and look forward to welcoming Martin to the board.”
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