J Sainsbury names Tyler

SUPERMARKET chain J Sainsbury has appointed former GUS finance director David Tyler to become its next chairman.<br /><br />Tyler will be taking over the role of Sir Philip Hampton as head of Britain&rsquo;s third largest supermarket group. Hampton earlier this year said he would relinquish the position to allow him to concentrate on his chairmanship of part-nationalised Royal Bank of Scotland.<br /><br />Tyler, an accountant, has extensive experience in the retail sector after a nine-year stint at GUS which, before it was broken up, owned Argos, Burberry and Experian.<br /><br />Prior to that he was finance director at prestigious auction house Sotheby&rsquo;s. Tyler also worked for consumer goods giant Unilever and investment bank County Natwest after a degree in economics.<br /><br />Tyler is largely credited with the revival of IT services group Logica, of which he is chairman, along with chief executive Andy Green.<br /><br />Tyler became the favourite for the Sainsbury&rsquo;s chairman post after the widely-tipped candidate John Peace dropped out of the running when he accepted a chairmanship at banking group Standard Chartered.<br /><br />Sainsbury&rsquo;s is one of the leading stars in the downturn &ndash; reporting bumper profits and aggressive expansion plans, mainly due to the efforts of charismatic chief executive Justin King.&nbsp;&nbsp; Tyler&rsquo;s appointment is believed to have the backing of shareholders.