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Sainsbury's Defends New Chairman From Criticism Over Lloyds Role

Published on Jul 11 2018 5:30 PM in Retail tagged: Featured Post / UK / Paywall / Sainsbury's Asda / Martin Scicluna

Sainsbury's Defends New Chairman From Criticism Over Lloyds Role

Sainsbury's, the British grocer that has agreed to buy rival Asda, has defended its new chairman, dismissing a shareholder's suggestion that he might be tainted by a failed takeover deal during his time at Lloyds Banking Group.

Britain's second largest supermarket group said on Wednesday Martin Scicluna would join its board as chairman-designate on 1 November and succeed David Tyler as non-executive chairman in March 2019 or soon after. Tyler has held the role since 2009.

Lloyds' Takeover

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