UK supermarket group J Sainsbury has said that Roger Matthews, finance director of J Sainsbury and chairman of Sainsbury’s Bank, has decided to leave the company at the end of its financial year in March 2005.
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“Roger indicated his longer term intentions when I was appointed earlier this year. We both consider now is the best time to begin to move toward an orderly succession. We have started the process for the appointment of his successor and our timing should provide for a smooth handover of responsibilities,” said chairman Philip Hampton.
Matthews joined J Sainsbury in 1999 from Compass where he was group managing director and finance director.
