Justin King, executive chief of a UK supermarket giant, is being lined up to replace Bernie Ecclestone...
Apr.7 (GMM) Sainsbury's, the UK supermarket giant, has denied rumours it could lose its boss to Formula One.
"I've no idea whether the boss of a company like Sainsbury's could do my job," the 82-year-old told the Guardian. "Maybe he could."
A Sainsbury's spokesman has now replied: "This is pure speculation.
"Justin's made his commitment to the business clear and is excited about Sainsbury's long-term prospects for growth. Any discussion of succession is entirely premature."