Sir John Sainsbury of Preston Candover, a former chairman of one of Britain’s largest and most famous supermarket chains, died at the age of 94.
Sir Sainsbury was President of Sainsbury’s and sat in the House of Lords as a member of the Conservative Party.
Martin Sikruna, chairman and chief executive officer of the supermarket, announced the death of the Baron on Friday night, saying he had a “great life.”
Sikruna said: He was 94 years old and had an amazing life.
“During his 40-year career at the company, Sir Sainsbury led the business through a period of great change and had a major impact on British retail in the 20th century.”
Sir Sainsbury began his family business in 1950, first working in the grocery sector, becoming a board member in 1958, and vice chairman in 1967. He took on that role from his father. He was appointed Chairman and Chief Executive Officer in 1969 and held that position until his retirement in 1992.
In a statement, Scicluna said:
“He became a knight from Her Majesty to serve the food retail industry in 1980, became a Life Peer in 1989, and was appointed to one of only 24 Orders of the Garter in 1992.
“In recent years, he has hosted His Majesty’s visit to celebrate the 150th anniversary of our business.
“He will be greatly missed by Sainsbury’s Board of Directors and all his friends and colleagues.
“We would like to express our condolences to Sir Sainsbury’s wife, Mrs. Sainsbury, and the rest of the Sainsbury family.”
Sir Sainsbury was the shopkeeper “at the heart of him and one of the great retailers of his time,” Sikruna added.
“He was ambitious about the company and led Sainsbury’s to an unprecedented period of growth. He was a truly inspiring man,” said Scicluna.
“He will miss many, but his great contribution to Sainsbury’s and the values he cares about and believes in remain at the heart of our business.”
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Former supermarket boss Sir Sainsbury of Preston Candobar dies at age 94
Source link Former supermarket boss Sir Sainsbury of Preston Candobar dies at age 94