J Sainsbury Plc: Who, Where, How Much?

Address

J Sainsbury Plc, Holborn Place, 33 Holborn, London EC1N 2HT Tel: 0207 695 6000

Company Structure/ Ownership

Share Value: www.j-sainsbury.co.uk/index.cfm

Shareholders

Judith Portrait, Sainsbury's solicitors, holds a blind trust for Lord Sainsbury of Turville, as well as other settlements. At the end of May 2001 the total holding of these trusts amounted to 28 per cent of the Company’s share capital[10]. According to the directors' report of 2001, "Christopher Stone, Andrew Cahn and John Rosenheim are trustees of various settlements, including charitable settlements. As at 29 May 2001 the total holdings of the trusts of which the above are trustees amounted to 5 per cent, 5 per cent and 3 per cent respectively." Christopher Stone is Chief Executive of Diatech, the biotechnology company of which Lord Sainsbury of Turville owns a large proportion.

The report continues: "As at 29 May 2001 the interests, beneficially and as trustees of charitable and other trusts of Lord Sainsbury of Preston Candover KG, the Hon. Simon Sainsbury and the Rt. Hon. Sir Timothy Sainsbury were 4 per cent, 3 per cent and 3 per cent respectively. All the above include duplications. Franklin Resources Inc. has a notifiable interest of 3 per cent."[11] Franklin Resources Inc.'s web page can be found at: http://pub.franklintempleton.com/public/corporate/

Annual Turnover: Sales for 2000 were £18 441 000 000, including VAT and US Sales Tax[12].

People

Directors

[13]

• Sir George Bull, Non-Executive Chairman. Previously Chairman of Diageo plc, until 1998; Former Group Chief Executive of Grand Metropolitan plc, Non-Executive Director of BNP Paribas UK and the Maersk Company Ltd. Vice President of the Marketing Council.
• Sir Peter Davis, CEO, Group Chief Executive. Previous Group Chief Executive in Prudential plc from 1995-2000, chief executive and then chairman of Reed International from 1986-94. Chairman of Business in the Community, chairman of the Welfare to Work New Deal task Force, founder member of the Marketing Council.
• Roger Matthews, Group Fin. Director. Formerly group managing director and finance director of Compass Group PLC
• Sir Clive Thompson, Non-Executive Director. Chief Executive of Rentokil Initial plc. Non-Executive Director of Kleeneze PLC. Former President and current deputy president of the CBI, Vice President of the Chartered Institute of Marketing. Deputy Chairman of the Financial Reporting Council.
• Keith Butler-Wheelhouse, Non-Executive Director. Chief Executive of Smiths Industries plc, President of SAAB Automobile Sweden until 1996. On the Delta (MBO of General Motors South Africa) Board as a Non-Executive Director.
• Ian Coull, Group Property and Environmental Affairs Director. Director, J Sainsbury Pension Trustees. He is a fellow of the Royal Institution of Chartered Surveyors. He is a member of the Scottish Valuation and Rating Council. He is a member of the Government's Property Industry Forum and Chairman of the South Bank Employers' Group.
• John Adshead, Group Human Resources and Information Systems Director. Chairman, J Sainsbury Pension Trustees. Non-Executive Director of the Tablet Publishing Company.
• Robin Whitbread, Retail Director, Sainsbury’s Supermarkets Ltd. Director of Sainsbury’s Bank plc. Non-Executive Director, Shaw’s Supermarkets Inc from 1987-2000.
• June de Moller, Non-Executive Director. Director of Carlton Communications from 1983-1999, Managing Director from 1993. Non-Executive Director, British Telecommunications plc, Lynx Group plc and the Cookson Group plc.
• Jamie Dundas, Non-Executive Director. Chief Executive of MEPC Limited. Finance Director of Hong Kong Airport Authority 1992-96. Director of Macmillan Cancer Relief.
• Lord Levene of Portsoken, Non-Executive Director. Vice Chairman of Deutsche Bank AG London, Chairman of International Finance and a Director of the Haymarket Group. Lord Mayor of London 1998-99[14].

Subsidiaries

Sainsbury's Supermarkets, Shaw's, Sainsbury's Bank, J Sainsbury Developments, Sainsbury's Property Co.

Joint Ventures

In October 2001 Sainsbury's launched a venture with ScottishPower[15] to supply Sainsbury's customers with electricity. The scheme is currently being piloted in six stores.

In July 2001, the two groups unveiled a joint venture in which Boots would take over the health-and-beauty aisles in six Sainsbury's out-of-town superstores, with the first due early in 2002[16].

In September 2001, Sainsbury's signed an energy management contract with Enron to reduce energy consumption by 12 per cent. [Sainsbury's Signs Energy Management Contract with Enron to Reduce Energy Consumption by 12 per cent, 19 September 2001[17]. In the light of Enron's demise it is unclear what will happen to this venture.

References

1. ^ www.j-sainsbury.co.uk/anrpt01/financial/directors.htm
2. ^ www.j-sainsbury.co.uk/anrpt01/financial/directors.htm
3. ^ J Sainsbury PLC Annual Report and Financial Statement 2001, p.1
4. ^ www.j-sainsbury.co.uk/anrpt01/whoweare/board.htm http://yahoo.marketguide.com/mgi/biograph.asp?rt=biograph&rn=A2276
5. ^ J Sainsbury PLC Annual Report and Financial Statement 2001, p. 16/17
6. ^ www.j-sainsbury.co.uk/media/news_view.cfm?article=192
7. ^ Mail on Sunday, 16th September 2001 www.thisismoney.com/20010916/nm37683.html
8. ^ Sainsbury's Signs Energy Management Contract with Enron to Reduce Energy Consumption by 12 per cent, 19 September 2001 www.j-sainsbury.co.uk/media/news_view.cfm?article=188