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Reuters
Published
Sep 18, 2009
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J Sainsbury appoints Tyler as chairman

By
Reuters
Published
Sep 18, 2009

LONDON (Reuters) - J Sainsbury (SBRY.L), Britain's third-biggest supermarket group, on Thursday 17 September said David Tyler would succeed Philip Hampton as its chairman.

Sainsbury's

Tyler, who is 56-years-old and currently non-executive chairman of Logica (LOG.L), will join Sainsbury's board on October1 and assume the role of chairman from November 1 after a handover from Hampton.

Tyler is also a non-executive director of Experian (EXPN.L), Burberry (BRBY.L) and Reckitt Benckiser (RB.L).

"David has a broad range of experience that makes him ideal for the chairman role and I look forward to working with him," Justin King, Sainsbury's chief executive, said in a statement.

Tyler will be paid 450,000 pounds per annum, Sainsbury said.

Hampton, who was appointed chairman of Sainsbury's in July 2004 to replace Peter Davis, is leaving the company to focus on his chairmanship of state-controlled Royal Bank of Scotland (RBS.L), a Sunday Telegraph report said.

Hampton oversaw Sainsbury's defence against a takeover approach from a Qatari-based investment vehicle in 2007.

In June Sainsbury's raised around 432 million pounds to accelerate its expansion and posted a 7.8 percent increase in first-quarter like-for-like sales.

Shares in the supermarket group were 0.8 percent up at 334.5 pence by 2:35 p.m., valuing the company at around 6.2 billion pounds.

(Reporting by Rhys Jones; Editing by Matt Scuffham)

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