King refutes Sainsbury’s departure rumour
Boss of Sainsbury’s Justin King has again denied rumours that he is leaving the company.
Reports have been circulating about King, who is the CEO of the third-largest supermarket in Britain, but he and the supermarket denied that the headhunting firm Egon Zehnder had been contracted to find his replacement.
A Sainsbury’s statement said: "Justin has made his commitment to the business clear and is excited about the opportunities to grow and develop it. Any discussion of succession is totally premature."
King told Sky News on Sunday that he was not planning on going anywhere, dismissing claims that he would replace Formula One boss Bernie Ecclestone, after nine years as CEO of Sainsbury’s.
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