Blog: Sainsbury's Shapland loss will be deeply felt
Petah Marian | 9 May 2011
Sainsbury's has lost a key member of its executive team, as it announced the surprise resignation of development director Darren Shapland today (9 May).
The announcement of his departure, just two days ahead of the Sainsbury's full-year results presentation on Wednesday, is likely to fuel speculation over the coming 48 hours over how the move will impact the UK's third-largest grocer's strategy.
Strategically, the loss of Shapland is likely to be deeply felt, as he has been the driver behind the retailer considering expansion into international markets, as well as leading its two major expansion drivers in recent years - convenience and property, in addition to being responsible for its banking division (a role he will still hold as non-executive chairman).
Not only this, he has been tipped as a possible successor to current chief executive Justin King.
With analysts already making their concerns about Sainsbury's results known, the announcement will likely add to the questions the City has over the retailer's outlook.
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