Plus   Neg

Sainsbury's Bank Chairman Roger Davis To Step Down

Retailer J Sainsbury plc (JSAIY.PK,SBRY.L) announced Wednesday that Roger Davis, Chair of the Sainsbury's Bank Board, has notified the Board that he intends to step down.

The company said it will begin a search to find his replacement. A further announcement regarding timings of his retirement and news of his successor will be made in due course.

Davis has been Chair of the Sainsbury's Bank Board for nearly seven years. He was appointed in May 2013 when Sainsbury's Bank became a unit of Sainsbury's.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney Co.'s streaming service Disney+ now has 50 million paid subscribers globally, with the company achieving the milestone within five months after its U.S. launch. WeWork's parent company, We Company, said it has filed a lawsuit against Japanese conglomerate SoftBank Group Corp. for failing to consummate a $3 billion tender offer for the company's shares. After WeWork's failed attempt at an initial public offering last year, SoftBank acquired a majority stake in the office sharing company in a bailout, severing most ties with WeWork co-founder Adam Neumann. Walgreens is expanding drive-thru testing for the coronavirus to fifteen new locations in seven states across the U.S. later this week. They include Arizona, Florida, Illinois, Kentucky, Louisiana, Tennessee and Texas. The drive-thru locations are part of Walgreens' collaboration with the administration, federal health agencies, and state and local authorities to expand access to COVID-19 testing.
Follow RTT