14th Mar 2005 07:02
Sainsbury(J) PLC14 March 2005 14 March 2005 J Sainsbury plc appoints new chief financial officer Darren Shapland (38) has been appointed chief financial officer for Sainsbury'sand will join both the supermarket's operating and plc boards. The effectivedate of this appointment has not yet been determined. Darren joins from Carpetright plc where he has been group finance director since2002. He has a strong track record in retail brands having previously beenfinance director for Superdrug Stores plc and spent 12 years in a variety ofoperational and financial posts with Arcadia plc (previously Burton Group). Darren replaces Roger Matthews who announced his intention to leave Sainsbury'sin October 2004. Roger will stay with the company until after the preliminaryresults in May 2005. Justin King, chief executive said: "I'm delighted that Darren will be joiningSainsbury's. He has excellent experience in the retail sector and has undertakena number of hands-on and broad financial roles. He will be a great asset toSainsbury's and the company's management team as we continue to implement theplans outlined last October." Darren Shapland said: "I believe the Sainsbury's brand has great potential andlook forward to being able to play a key role in the company's future plans." Philip Hampton, chairman of Sainsbury's said, "I'm pleased to welcome Darren tothe plc board and look forward to working with him. I'd also like to thankRoger Matthews for his significant contribution to Sainsbury's during a time ofgreat change for the company." Notes • Roger Matthews joined J Sainsbury plc in 1999 from Compass plc.• Darren's base salary will be £400k and he will be enrolled in Sainsbury's annual bonus plan and other approved executive share schemes.• Career summary for Darren Shapland 2002 to date: Carpetright plc Group Finance Director 2000 - 2002: Superdrug Stores plc Finance Director 1988 - 2000: Arcadia plc (formerly Burton Group) A number of posts including Joint Managing Director, Arcadia Home Shopping; Finance Director of Arcadia brands: Finance Director, Top Shop/Top Man (Burton Group) and Director of Supply Chain Programme, (Burton Group).• In accordance with Rule 16.8 of the listing rules, when the effective date is known a stock exchange annoucment will be made For enquiries:Investor Relations MediaLynda Ashton Pip Wood+44 (0) 20 7695 7162 +44 (0) 20 7695 6127 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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