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Sainsbury's boss to replace Ecclestone?

New name enters fray as speculation about Bernie Ecclestone's future continues...
Sainsbury's chief executive Justin King is the latest name to be touted as a potential replacement for F1 boss Bernie Ecclestone.

According to a report in British newspaper, The Guardian - published, it should be noted, before April Fool's day - Ecclestone has 'dismissed', but not 'denied' the speculation.

“I've no idea whether the boss of a company like Sainsbury's could do my job. Maybe he could,” Ecclestone told the 'paper.

King himself meanwhile has said he has 'no plans' to leave the supermarket chain – the third biggest in the UK.

“The speculation about him [King] joining F1 has been fuelled by questions over Ecclestone's future,” read the report in the 'paper.

“Ecclestone is 82 and no successor has been formally groomed to take over from him. He is also the subject of an alleged bribery investigation in Germany.

“Ecclestone has not been charged with any wrongdoing and CVC [the private equity firm that currently owns F1] has said it expects his name to be cleared by October.

"CVC has [also] given Ecclestone its full support and the only sign of succession planning so far has been its hiring of headhunting firm Egon Zehnder.”

In November last year, Premier League chief executive Richard Scudamore was also linked to the job [see separate story].



Related Pictures

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25.11.2012- Bernie Ecclestone (GBR), President and CEO of Formula One Management
18.11.2012 - Bernie Ecclestone (GBR), President and CEO of Formula One Management
15.11.2012 - Bernie Ecclestone (GBR), President and CEO of Formula One Management
Bernie Ecclestone (GBR) CEO Formula One Group (FOM)
Bernie Ecclestone (GBR) CEO Formula One Group (FOM)
08.09.2012- Free Practice 3, Bernie Ecclestone (GBR), President and CEO of Formula One Management
08.09.2012- Free Practice 3, Bernie Ecclestone (GBR), President and CEO of Formula One Management

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Texas Roadhouse

April 01, 2013 6:10 PM

I wonder how many of those who slag off BE were following F1 before he took it over and made it into a properly run sport/business. Before he took control, it was so totally disorganised, with FISA/Balestre mis-managing - a bunch of "blazers". It seems to be a common theme with ultra-successful businessmen (or women) to be targets for abuse - which is usually little more than jealousy - try Bill Gates or (Sir) Richard Branson. He's not perfect, but F1 would very likely still be the relatively minor sport that it was in the 50's and 60's had it not been for BE's involvement.



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