// Sainsbury’s Bank chairman Roger Davis to step down after nearly 7 years in the role
// News comes less than a month after Sainsbury’s group CEO Mike Coupe announced his resignation
Sainsbury’s Bank chairman Roger Davis has notified the board of his plans to step down, after nearly seven years in the role.
The banking division of the Big 4 grocer is now set to begin a search for a new chairman.
The retailer added that further announcement regarding timings of Davis’ retirement and news of his successor will be made in due course.
The news comes less than a month after Sainsbury’s group chief executive Mike Coupe announced his resignation.
Coupe will remain in post until the end of May, after which he will be replaced by current retail and operations director Simon Roberts.