Europe Economy

Sainsbury's Coupe will step down as CEO in May

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Key Points
  • Coupe has faced questions about his future since April when Britain's competition regulator blocked Sainsbury's attempt to take over Walmart-owned rival Asda for 7.3 billion pounds ($9.5 billion).
  • He will step down as CEO of Sainsbury's at the end of May after six years at the helm.
  • Retail and operations director Simon Roberts will be his successor.

The Sainsbury's logo stands above the entrance to the J Sainsbury Plc flagship store in London, U.K.
Jason Alden | Bloomberg | Getty Images

Mike Coupe will step down as CEO of Sainsbury's at the end of May after six years at the helm, with Britain's second-largest supermarket group opting for continuity by choosing retail and operations director Simon Roberts as his successor.

Coupe has faced questions about his future since April when Britain's competition regulator blocked Sainsbury's attempt to take over Walmart-owned rival Asda for 7.3 billion pounds ($9.5 billion). Coupe was the architect of that deal and Sainsbury's share price has fallen 22% over the last year. 

Roberts, a former managing director of health and beauty retailer Boots, joined Sainsbury's in 2017.