Sainsbury's boss denies quit claims

AOL Money Staff
Justin King
Justin King

The long-standing boss of Sainbury's has been forced to deny he is quitting the supermarket amid reports it has lined up headhunters to seek a replacement.

Sunday newspaper reports said the UK's third-biggest grocer has asked headhunter firm Egon Zehnder to sound out possible candidates to replace its chief executive Justin King. However, Mr King, who has spearheaded the retailer's growth amid a lacklustre economic climate, is not thought to be planning to leave in the near future.