Search on for the new Justin King at Sainsbury's
Sainsbury's has asked headhunters to form a succession plan ahead of Justin King's eventual departure as its chief executive, one of the most coveted roles in British business.
A report this weekend said chairman David Tyler has asked Egon Zehnder International to work on the plans, though Mr King will not leave for at least another year, giving him a decade at the helm during which he has been credited with turning the supermarket's fortunes around.
Commercial director Mike Coupe has already been touted as the likeliest internal candidate to fill King's big shoes: in its upcoming annual results, the CEO is likely to unveil a ninth successive year of profit growth.
A Sainsbury's spokeswoman said that Mr King remained "excited about the opportunities to grow and develop" Britain's third biggest supermarket chain, adding that talk of succession at this stage was "premature".
- 4 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 5 Women think Irish men are the sexiest, survey finds
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General Election 2015: Sturgeon claims Scots 'appalled' by Ed Miliband's refusal to work with SNP
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...