Justin King is one of the most popular and richest Businessperson who was born on May 17, 1961 in Stepney, Stepney, United Kingdom. Justin Matthew King, CBE (born 17 May 1961) is an English businessman, who served as the CEO of J Sainsbury plc, parent company of the supermarket chain Sainsbury’s, for 10 years before stepping down in July 2014.
King joined Sainsbury’s on 29 March 2004, and was seen as the company’s last chance to win back market share from its rivals and remain independent – the previous CEO, Sir Peter Davis, failed to halt the supermarket’s slide in market position despite a £3 billion investment in infrastructure. He was offered £675,000 a year salary. King’s annual salary at Sainsbury’s was £900,000, coupled with a bonus package between £3-£6million annually.
King is an ambassador for The Scout Association. In 2007, he received an honorary doctorate from Bournemouth University.
He lives in the village of Harbury, just south of Leamington Spa, Warwickshire. A self-admitted petrol-head, King traded his Maserati Quattroporte for a Lexus LS600h L in March 2008 on environmental grounds.
In October 2004 King launched his recovery programme for the company under the banner “Making Sainsbury’s Great Again”. In January 2008 Sainsbury’s announced twelve consecutive quarters of sales growth and achieved its target to grow sales by £2.5 billion, 3 months ahead of schedule.
