Business
Sainsbury's has said that chief executive Justin King is to leave the supermarket chain in July, after 10 years at the head of the company. Mike Coupe, Sainsbury's group commercial director, will succeed him as chief executive, the company said. Sainsbury's chairman David Tyler said Mr King was "a truly exceptional leader", adding that he leaves "a lasting legacy".
Background:
Sainsbury's boss Justin King to step down in July [BBC]
Sainsbury's shares drop as Justin King quits [Sky News]
