Sainsbury’s CEO and chairman to head Asda combination; Tesla’s Elon Musk faces a threat to his CEO/chair role; and Cabot Energy begins the search for a new chairman.
Sainsbury’s/Asda The chairman and CEO of Sainsbury’s would head up the business if merged with Asda, according to a statement relating to the potential deal. Former GUS finance director David Tyler, who has chaired Sainsbury’s since 2009, and chief executive Mike Coupe would take on the top roles in a combined entity. Asda’s CEO would continue to run its business from Leeds. The current chief is Roger Burnley, "born and bred" in Yorkshire according to Asda’s corporate website. Asda owner Walmart will remain a "long-term" shareholder, with two representatives joining the board as non-executive directors. Tesla The combined chairman/CEO role at Tesla, headed by future-focused entrepreneur Elon Musk, is under threat. S