Argos owner's chief executive to step down

Home Retail's Walden departs after Sainsbury deal

10th June, 2016
Sainsbury finance chief taking over at Home Retail Pic: Getty

The chief executive of Argos owner Home Retail is to step down once its takeover by supermarket group Sainsbury is completed.

Sainsbury said today that its chief financial officer John Rogers will replace John Walden. The purchase should be concluded in the third quarter, Sainsbury said.

The grocer is paying £1.4 billion for the owner of the Argos chain to bolster its online distribution and convenience offering.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Noelle O’Connell: Why Michel Barnier is our European of the Year

EU Noelle O'Connell 6 hours ago

Comment: CETA offers us the hand-rolled cigarette of international investment law

Legal Oisin Suttle 9 hours ago

Comment: 2021 must be the year to fix higher education funding

Pascal Lamy: As America turns the page, the EU must sharpen its climate innovation edge