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reported: "The new chief executive of ailing supermarket chain J Sainsbury ran into his first controversy yesterday as it emerged that he has been awarded free shares worth more than £500,000 in the same week as he has axed the £100 Christmas bonus paid to staff." The removal of the bonus was a
273:
In
October 2004, King launched his recovery programme for the company under the banner "Making Sainsbury's Great Again". In January 2008 Sainsbury's announced twelve consecutive quarters of sales growth and achieved its target to grow sales by £2.5 billion, 3 months ahead of schedule.
256:, failed to halt the supermarket's slide in market position despite a £3 billion investment in infrastructure. He was offered £675,000 a year salary. King's annual salary at Sainsbury's was £900,000, coupled with a bonus package between £3-£6million annually.
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inquiry into the No.1 UK supermarket, King did call for changes in planning laws to prevent Tesco from achieving a 40% market share. As of 2005 Tesco had more potential development projects than that of
Sainsbury,
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In April 2011, King gave half his shares in
Sainsbury's to his wife Claire for "financial planning purposes". She divorced him three months later, after 21 years of marriage.
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King joined
Sainsbury's on 29 March 2004, and was seen as the company's last chance to win back market share from its rivals and remain independent – the previous CEO,
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King announced in
January 2014 that he would be leaving his post as CEO in July 2014, with the company's Group Commercial Director
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In 2009, he was also awarded an
Honorary DBA (Doctor of Business Administration) from the University of Bath.
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Shortly after joining
Sainsbury's, King authorised the removal of the Colleague Christmas Bonus award.
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contentious issue, given its consistent payment for 25 years and also given that this was the year
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market data. Leahy has argued that TNS overestimates the size of his company's market share.
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King discussed the dominance of principal rival Tesco. While steering clear of calls for a
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Guardian
Unlimited. Sainsbury's chief gets £0.5m as he cuts staff's Christmas bonus
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748:"Manor Marusia set for Melbourne F1 Grand Prix under new owner Stephen Fitzpatrick"
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Profile: Sainsbury's chief Justin King, by Jorn
Madslien, BBC News, January 4 2005
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in 1994 and became managing director of the hypermarkets division. King moved to
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Lexus hybrid woos
Sainsbury's chief, by Jorn Madslien, BBC News, March 18 2008
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Guardian Unlimited. Sainsbury's chief opens up a new front in the store wars
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859:"Sainsbury's boss gives half his £4m stake in supermarket group to his wife"
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722:"Sainsbury Appoints Mike Coupe As CEO, Replacing Justin King – Quick Facts"
443:"Sainsbury's chief of staff Justin King wears his service medal with pride"
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627:"Business: Sainsburys chief gets £1/2 m as he cuts staffs Christmas bonus"
514:"Sainsbury's announces Dorridge-born CEO Justin King to leave supermarket"
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148:(born 17 May 1961) is an English businessman. King served as the CEO of
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878:"Dashwood: Teen spirit drives Formula One ambition for the three Kings"
542:"WTM 2014 To Be Opened By Retailing Royalty Justin King | WTM Insights"
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680:"Sainsbury Sales Gain on Healthy Foods, Store Overhaul (Update 4)"
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In March 2015, King was appointed interim chairman of the
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King undertook a degree in Business Administration at the
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from 1989, being based in the Middle East, then moved to
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BBC Business Online. Sainsbury's 'us and them' bonuses
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in 2001, where he managed the M & S food division.
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Jordan King, son of J Sainsbury chief executive Justin
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University of Bath – School of Management – Page Title
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ice-cream in the UK as managing director. He moved to
487:"'Whatever you do, it should be something you enjoy'"
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Jenny Scott talks to him on HARDtalk in January 2007
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John Sainsbury, Baron Sainsbury of Preston Candover
424:"Sainsbury's CEO Justin King to step down in July"
375:. In 2007, he received an honorary doctorate from
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1781:Commanders of the Order of the British Empire
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163:. King was involved in the introduction of
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296:combined. King also criticised Tesco CEO
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814:"Honorary Doctorate for Sainsbury's CEO"
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368:in March 2008 on environmental grounds.
277:In September 2005, in an interview with
213:After graduating, King went to work for
155:King was previously Director of Food at
19:For other people named Justin King, see
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217:, becoming production shift manager on
167:ice cream to the UK and has worked for
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710:(Supplement). 11 June 2011. p. 8.
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775:"Lexus hybrid woos Sainsbury's chief"
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568:"Sainsbury poaches M&S food boss"
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315:for services to the retail industry.
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1776:British businesspeople in retailing
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836:"'Doc Martin' awarded a doctorate"
824:from the original on 4 March 2016.
653:"Sainsbury's heads back to basics"
595:"Justin King receives £5m package"
512:Gibbons, Brett (29 January 2014).
322:being announced as his successor.
270:received disputed bonus payments.
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942:Sainsbury's Supermarkets Homepage
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678:Couch, Angharad (28 March 2007).
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159:and has held senior positions at
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232:in 1990, where he helped launch
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876:White, Anna (5 February 2012).
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593:White, Garry (10 June 2009).
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108:Former CEO of J Sainsbury plc
625:Finch, Julia (22 May 2004).
491:Times Higher Education (THE)
21:Justin King (disambiguation)
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1679:Sainsbury's Freezer Centres
913:Retrieved 26 September 2005
352:He lives in the village of
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79:Solihull Sixth Form College
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802:. Scouts.org.uk. 2010.
800:"Scouting Ambassadors"
473:18 August 2006 at the
377:Bournemouth University
338:Manor Marussia F1 Team
285:Competition Commission
202:, graduating in 1983.
1694:Mobile by Sainsbury's
373:The Scout Association
362:Maserati Quattroporte
313:2011 Birthday Honours
1796:People from Solihull
1689:Sainsbury's Pharmacy
1511:John James Sainsbury
962:article June 25 2006
925:reported 22 May 2004
919:reported 21 May 2004
820:. 22 November 2007.
401:until moving to the
302:Taylor Nelson Sofres
1801:People from Stepney
1703:Former subsidiaries
1674:Sainsbury's Central
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1336:Stephen Fitzpatrick
995:Business positions
883:The Daily Telegraph
600:The Daily Telegraph
242:Marks & Spencer
143:Justin Matthew King
16:English businessman
1806:Sainsbury's people
1791:Formula One people
1616:Sainsbury's Online
1515:Mary Ann Sainsbury
1368:Gianluca Pisanello
707:The London Gazette
574:. 19 November 2003
548:. 9 September 2014
493:. 5 September 2013
393:, who competed in
230:Grand Metropolitan
200:University of Bath
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1018:Succeeded by
838:. 9 November 2007
728:. 29 January 2014
659:. 19 October 2004
307:He was appointed
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1411:Esteban Ocon
1399:Rio Haryanto
1360:Thomas Mayer
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1318:Manor Racing
1225:Will Stevens
1123:Dave O'Neill
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1761:1961 births
1735:Star Market
1601:Sainsbury's
1560:David Tyler
1555:Justin King
1550:Peter Davis
1492:Sainsbury's
1451:Marussia F1
1430:Formula One
1356:Justin King
1232:Formula One
1201:Charles Pic
1165:Max Chilton
1128:Pat Symonds
1108:Justin King
1011:Sainsbury's
981:Video clips
890:18 February
702:"No. 59808"
387:Jordan King
298:Terry Leahy
248:Sainsbury's
234:Häagen-Dazs
221:chocolate.
165:Häagen-Dazs
121:Predecessor
92:Businessman
53:17 May 1961
32:Justin King
1755:Categories
1684:SavaCentre
1565:Mike Coupe
1498:Key people
1377:Rob Taylor
1351:Marc Hynes
1248:MR03/MR03B
1177:Timo Glock
1133:Rob Taylor
1095:John Booth
1021:Mike Coupe
1015:2004–2014
948:News items
732:29 January
409:References
405:for 2018.
385:Their son
320:Mike Coupe
183:Raised in
179:Early life
135:Mike Coupe
89:Occupation
49:1961-05-17
1372:Dave Ryan
1137:Andy Webb
968:Spectator
865:. London.
607:16 August
399:Formula 2
294:Morrisons
131:Successor
116:2004–2014
65:Education
1715:Homebase
1646:Products
1090:Bob Bell
886:. London
822:Archived
779:BBC News
752:ABC News
686:30 March
663:30 March
657:BBC News
633:. London
603:. London
572:BBC News
471:Archived
449:. London
189:Solihull
185:Dorridge
1596:Habitat
1447:Related
1341:Pat Fry
1259:Related
1009:CEO of
842:8 April
758:5 March
552:8 April
523:8 April
497:8 April
428:Reuters
397:and in
354:Harbury
226:PepsiCo
1632:Nectar
726:NASDAQ
453:22 May
364:for a
340:later
219:Galaxy
209:Career
1725:Netto
1591:Argos
1441:MRT07
1436:MRT05
960:Times
906:Notes
784:7 May
578:7 May
389:is a
105:Title
1513:and
1432:cars
1253:MNR1
1243:MR02
1238:MR01
1234:cars
892:2012
844:2020
786:2010
760:2015
734:2014
688:2007
665:2007
639:2007
609:2009
580:2010
554:2020
525:2020
499:2020
455:2012
292:and
290:Asda
238:Asda
215:Mars
173:Mars
171:and
161:Asda
113:Term
43:Born
146:CBE
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