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Sainsbury's seeking replacement for bank unit CEO

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Sainsbury's seeking replacement for bank unit CEO

U.K. supermarket giant J Sainsbury PLC is seeking a replacement for the CEO of unit Sainsbury's Bank PLC, Peter Griffiths, who plans to retire in 2020, Sky News reported.

A spokesperson for Sainsbury's confirmed that the group is in early stages of succession planning for Griffiths, who has run the bank since 2012.