British supermarket Sainsbury's announces departure of CEO

29th January 2014, Comments 0 comments

Supermarket chain Sainsbury's said on Wednesday that chief executive Justin King will leave the group in July, after a decade at the helm.

"Sainsbury's today announces that Justin King has decided to step down in July 2014 after 10 years as CEO, and that Mike Coupe, currently the group commercial director, will succeed him as CEO," it said in a surprise statement.

© 2014 AFP

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