Sainsbury(J) PLC Strategic review of Financial Services division (0593A)
18 1월 2024 - 4:00PM
UK Regulatory
TIDMSBRY
RNS Number : 0593A
Sainsbury(J) PLC
18 January 2024
18 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Strategic review of Financial Services division, Sainsbury's
Bank Directorate Change
Ahead of our February 7th Strategy update, we have completed a
strategic review of our Financial Services division.
In order to improve the financial services offered to our
customers and consistent with the clear focus on our retail
businesses, we are exploring a number of options.
Financial services products that we continue to offer in the
future will be provided by dedicated financial services providers
through a distributed model. We already do this successfully with
our insurance products.
Over time this will result in a phased withdrawal from our core
Banking business.
There will be no immediate changes to the products or services
that we provide to customers as a result of this decision.
Jim Brown will retire from his role as CEO of Sainsbury's Bank
and we have appointed Robert Mulhall as his successor. Robert is an
experienced retail banking leader with a strong track record of
delivering successful transformation. Until 2022 Robert was the CEO
of Allied Irish Bank's (AIB) UK division, having previously led
AIB's Irish retail banking division. Since 2022, Robert has led the
global financial services consulting business of VISION Consulting,
focused on business transformation. Robert will take up the role as
CEO of Sainsbury's Bank at the end of March after a period of
handover. Robert's appointment is subject to regulatory
approval.
Simon Roberts, Chief Executive Officer, J Sainsbury plc:
"We have been clear since we launched our Food First strategy in
2020 that we would concentrate our efforts on our core retail
businesses and today's announcement reflects that strategic focus.
It's business as usual for now at Sainsbury's Bank and there will
be no immediate changes to products and services as a result of
today's announcement. We will of course communicate directly to
customers well in advance of any changes to their products and
services."
Enquiries
Investor Relations Media
James Collins Rebecca Reilly
+44 (0) 7801 813 074 +44 (0) 20 7695 7295
Tim Fallowfield, Company Secretary and Corporate Services
Director, was responsible for the disclosure of this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRSFEFWWELSESF
(END) Dow Jones Newswires
January 18, 2024 02:00 ET (07:00 GMT)
Sainsbury (j) (LSE:SBRY)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Sainsbury (j) (LSE:SBRY)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024