// Sainsbury’s Argos CEO departs for WPP
// John Rogers will leave the business on October 31
// Sainsbury’s said there will be no other changes happening to the board as a result of this move
The chief executive of Sainsbury’s-owned Argos, John Rogers, is stepping down to become WPP’s chief financial officer.
Rogers will leave office on October 31.
Argos’ retail and logistics teams will report to retail and operations director Simon Roberts, while Argos’ commercial team will report to commercial director Paul Mills-Hicks.
READ MORE: Sainsbury’s to overhaul store estate as it warns on half-year profits
Sainsbury’s has said there were no additional changes happening to the board as a result of Roger’s resignation.
He joined Sainsbury’s in 2005, where he worked as corporate finance director and worked his way up to chief financial officer before moving on to become the chief executive of Sainsbury’s Argos in 2016.
“John has worked alongside me for over fourteen years and has made an outstanding contribution to the business,” Sainsbury’s group chief executive Mike Coupe said.
Rogers said: “I have thoroughly enjoyed my time working at Sainsbury’s over the last fourteen years and, in particular, the last three years as chief executive of Sainsbury’s Argos.
“The opportunity to work with WPP, however, was too good to miss.”
Last week the Big 4 grocer said it was set to close down over a hundred stores while opening even more as part of a five-year plan that was revealed in its second quarter update.
As part of the plans, Sainsbury’s said it would close up to 70 Argos stores as it relocates a further 80 into its supermarkets.
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