13th Oct 2015 10:04
LONDON (Alliance News) - J Sainsbury PLC Tuesday said its retail and operations director, Roger Burnley, is leaving the business with immediate effect to take up the role of chief operating officer at rival Asda, which is owned by US firm Wal-Mart Stores Inc.
Sainsbury's said the recruitment of a successor is underway and that Chief Executive Mike Coupe will assume responsibility for the role in the interim period.
"I would like to thank Roger for his significant contribution to Sainsbury's over the last decade. During his time at Sainsbury's Roger has helped shape several areas of our business. He leaves Sainsbury's Retail & Operations teams in excellent shape, along with our best wishes for the future," Coupe said in a statement.
Shares in Sainsbury's were trading down 2.3% at 265.00 pence Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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