Ian Coull (52), Director of J Sainsbury plc and chief executive of Sainsburyâ€™s Property company, will be resigning after 14 years with the company. He leaves Sainsburyâ€™s at the end of this year to join Slough Estates plc as chief executive in January 2003.
Sir Peter Davis, chief executive of Sainsburyâ€™s said: 'Ian has made a significant contribution to Sainsburyâ€™s over the time he has worked for the company. This new job opportunity is an important move for him and we offer our congratulations. He leaves with our very best wishes for his future and with our thanks. We have a large retail property estate (c Â£4.5 bn) and the development
of it is an important part of our business transformation process within Sainsburyâ€™s; we need to find the best person to lead the plans we have in train.
We have initiated a search for a new chief executive of Sainsburyâ€™s Property company and will be evaluating external and internal candidates.'