Mike Coupe

Michael Andrew Coupe (born 26 September 1960), is a British businessman, who was the CEO of J Sainsbury plc, parent company of the supermarket chain Sainsbury's, from July 2014[1][2] until the end of May 2020.

Mike Coupe
Born
Michael Andrew Coupe

26 September 1960 (1960-09-26) (age 59)
NationalityBritish
EducationThe Weald School, Billingshurst
Alma materUniversity of Birmingham
OccupationBusinessman
Years active1983–present (retiring)
TitleCEO of Sainsbury's
Term2014–2020
PredecessorJustin King
SuccessorSimon Roberts
Spouse(s)
Jill Parkinson (m. 1990)
Children2

In January 2014, Sainsbury's then CEO Justin King announced Coupe as his successor, after revealing that he would be leaving the role in June 2014.[3] In January 2020, it was announced that Coupe would retire at the end of May, to be replaced by Sainsbury's head of retail and operations, Simon Roberts.[4]

Early life

Coupe was born in Watford, Hertfordshire in 1960.[5] He grew up in West Sussex.[5] Coupe received a bachelor's degree in Physics from the University of Birmingham in 1982.[5]

Career

Coupe began his career at Unilever and became assistant brand manager for Flora margarine.[1][6]

Coupe joined Sainsbury's in 2004.[6] In 2010, Coupe became responsible for the marketing, trading and online operations of the company.[6] In 2014, he was appointed CEO of the company.[6] Soon after his appointment he announced a strategic review that aimed to address the challenges caused by a changing retail market.[7]

In 2016 he led the takeover of Home Retail Group which included Argos and Habitat.[8]

In March 2018 he announced new pay arrangements for colleagues.[9]

More recently, Coupe has overseen digital transformation and investment at Sainsbury’s, including the introduction of the UK’s till-free stores and the digitisation of Nectar through a new app and website.[10]

On 22 January 2020 it was announced that Coupe would retire from his position at the end of May 2020 to be succeeded by Simon Roberts, the company's head of retail and operations.[11][12]

Personal life

He married Jill Parkinson in Richmond upon Thames in May 1990, and they have two daughters (born December 1992 and June 1995). In recent years he has lived in the Holgate area of York but he frequently moves between London and Yorkshire. He is a keen guitarist and also enjoys photography and cycling. [13]

Coupe became a life patron for GroceryAid in August 2015.[14] He was previously the fundraising president from 2012 to 2014.[15]

Controversies

In April 2018, Coupe engaged in an interview in relation to a forthcoming merger between Sainsbury's and Walmart owned UK subsidiary Asda. After the first interview occurred, during the transition to the next, his microphone remained switched on and he began singing 'We're in the Money'.[16] The video was widely shared and critiqued. Coupe later released a statement apologising for his "unfortunate choice of song, from the musical 42nd Street", which he had seen the previous year. Sainsbury's issued a further statement: "We all know these songs stay in your head. To attach any wider meaning to this innocent, personal moment is preposterous."[17] When the merger failed to get approvals, he accused the Competition and Markets Authority of having "fundamentally moved the goalposts... changed the shape of the ball and chosen a completely different playing field" in its analysis. He said that with "a completely unpredictable set of competition rules, who would invest in this country?", telling BBC Radio 4: "This is just outrageous."[18]

In 2019 he was criticised for reducing the amount traditionally paid towards a Christmas party for Argos colleagues, when he sought to bring it in line with money paid towards the Sainsbury’s Christmas party.[19]

References

  1. Zoe Wood; Sarah Butler. "Mike Coupe: Sainsbury's Mr Straight | Business". The Guardian. Retrieved 22 December 2016.
  2. "Stocks – Bloomberg". Investing.businessweek.com. 18 December 2016. Retrieved 22 December 2016.
  3. James Davey (29 January 2014). "Sainsbury's CEO Justin King to step down in July". Reuters.
  4. "Sainsbury's boss Mike Coupe in surprise exit". BBC News. 22 January 2020. Retrieved 22 January 2020.
  5. "5 things you didn't know about new Sainsbury's boss Mike Coupe". City A.M. 29 January 2014. Retrieved 12 September 2017.
  6. Butler, Sarah (29 January 2014). "Mike Coupe: Justin King's successor at Sainsbury's". The Guardian. ISSN 0261-3077. Retrieved 1 April 2020.
  7. Ruddick, Graham. "Sainsbury's to change strategy as sales fall victim to 'radical' change in shopping habits". Telegraph. Retrieved 29 January 2020.
  8. Sean Farrell and Sarah Butler. "Sainsbury's agrees terms to buy Home Retail Group in £1.3bn deal | Business". The Guardian. Retrieved 29 January 2020.
  9. Josie Cox Business Editor @JosieCox_London (6 March 2018). "Sainsbury's announces pay rise for store staff and contract shake-up". The Independent. Retrieved 29 January 2020.
  10. "Sainsbury's launches UK's first till-free grocery store". CityAM. 29 April 2019. Retrieved 29 January 2020.
  11. "Sainsbury's boss Mike Coupe in Surprise Exit". BBC News. 22 January 2020. Retrieved 22 January 2020.
  12. Jolly, Jasper (22 January 2020). "Sainsbury's chief executive Mike Coupe to step down in May". The Guardian. ISSN 0261-3077. Retrieved 7 February 2020.
  13. "5 things you didn't know about new Sainsbury's boss Mike Coupe". CityAM. 29 January 2014. Retrieved 29 January 2020.
  14. "Mike Coupe to become GroceryAid Life Patron | Grocery Aid". Grocery Aid. Archived from the original on 23 December 2015. Retrieved 23 December 2015.
  15. "GroceryAid announces Mike Coupe is to extend presidency". Talking Retail. Retrieved 23 December 2015.
  16. "Sainsbury's boss sorry for singing We're in the Money". BBC News. 1 May 2018. Retrieved 22 January 2020.
  17. "Sainsbury's chief sings 'We're in the Money' after Asda merger". The Guardian. 30 April 2018. Retrieved 22 January 2020.
  18. Hill, Andrew (3 May 2019). "Mike Coupe, the Sainsbury's boss, regroups". Financial Times. Retrieved 22 January 2020.
  19. Hayward, Stephen (19 October 2019). "Argos staff Christmas bonus cut by boss caught singing 'We're In The Money'". Mirror Online. Retrieved 21 October 2019.
Business positions
Preceded by
Justin King
CEO of Sainsbury's
2014–2020
Succeeded by
Simon Roberts
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.