Today, Sainsbury’s boss Justin King handed over the reins to successor Mike Coupe – but who is he and what makes him tick? Here are six things you need to know.
1. Coupe’s father was a self-employed scientist and inventor.
2. Coupe studied physics at university, but his first job was assistant brand manager for Flora magazine. Since then he has worked with many of the big supermarkets including Tesco, Asda and Iceland.
3. He also has dealings with pubs, charity and educational institutions – he is a non-executive director for the Greene King pub group, president of charity Grocery Aid and a mentor for Birmingham Business School.
4. Coupe joined Sainsbury’s in 2004 as trading director. Aas of today he has held four roles at the company.
5. In February, it emerged Coupe was participating in a tax avoidance scheme that uses legal loopholes as a way to reduce tax bills. It involved investing in Invicta Film Partnership, with each investor putting forward a lump sum which is then used to fund British film productions. The tax avoidance comes from the lump sum being put down as a loss and claimed back from HMRC. Coupe and King are rumoured to have crossed swords over the affair.
6. Aside from business, Coupe enjoys playing the guitar and cycling – the latter of which has compelled him to cycle from London to Paris twice for charity.