Martin is chairman of RSA Insurance and also currently chairman of Great Portland Estates. Previous roles include senior independent director and chair of the audit committee of Worldpay, and non-executive director and chair of the audit committee at Lloyds Banking Group. He was chairman of Deloitte and a partner for 26 years, serving clients including Dixons, WH Smith, Alliance Unichem and Cadbury’s.
Martin will work closely with Sainsbury’s chairman David Tyler for a handover period. The supermarket chain announced in April that it had begun a search for a new chairman, as David is approaching nine years’ service in the role. The retailer anticipates that Martin will assume the role of chairman from the start of the new financial year in March 2019 or soon after, at which point David would step down from the board.
David said: “I have greatly enjoyed my nine years as chairman of Sainsbury’s. The retail industry has undergone immense change during this period and we have transformed our business so that it can continue to succeed in the medium and long term. I remain fully involved in and committed to the business and look forward to welcoming Martin to the board.”
Martin added: “I’m delighted to join Sainsbury’s: a company I have long admired for its clear customer focus and strong values. [Sainsbury’s chief executive] Mike Coupe and his management team have positioned the business for a successful future of delivering significant value for shareholders, customers and other stakeholders. I am looking forward to working with Mike and his team and my new board colleagues.”