RSA chairman Martin Scicluna to step down next year

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FILE PHOTO: Martin Scicluna, Chairman of Sainsbury’s, poses for a portrait at the company headquarters in London, Britain, May 1, 2019. REUTERS/Toby Melville

(Reuters) – British insurance group RSA’s RSA.L chairman Martin Scicluna is expected to step down next year, Sky News reported on Sunday, citing sources.

The Sky News report said RSA had begun a search for a successor to Scicluna, who also chairs British supermarket group Sainsbury’s SBRY.L.

RSA declined to comment. Sky News also said Baroness Fairhead, a former trade minister, was seen as a strong contender to replace Scicluna.

The search process is at a relatively early stage, with an announcement not likely until next year, the Sky News report also said.

Reporting by Aishwarya Nair and Rebekah Mathew in Bengaluru. Editing by Jane Merriman

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