Sainsbury Taps Deloitte Veteran as Chairman Before Asda Deal
- Martin Scicluna to replace David Tyler in March after handover
- Sainsbury’s $9.7 billion buy of Asda under regulatory review
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U.K. grocer J Sainsbury Plc named Martin Scicluna as its chairman, tapping a former senior executive at accounting firm Deloitte as it prepares to add Walmart Inc.’s Asda unit in a 7.3 billion-pound ($9.7 billion) deal.
Scicluna, who is also chairman of RSA Insurance Plc, will replace David Tyler in March or soon after, following a five-month handover period, Sainsbury said in a statement ahead of its annual shareholder meeting on Wednesday.