Tim Sainsbury
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The Right Honourable Sir Timothy Sainsbury |
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|---|---|
| Minister of State for Industry | |
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In office 14 April 1992 – 20 July 1994 |
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| Prime Minister | John Major |
| Preceded by | Alexander Hesketh |
| Minister of State for Trade | |
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In office 23 July 1990 – 14 April 1992 |
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| Prime Minister |
Margaret Thatcher John Major |
| Preceded by | David Trefgarne |
| Succeeded by | Richard Needham |
| Under-Secretary of State for Foreign and Commonwealth Affairs | |
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In office 24 July 1989 – 23 July 1990 |
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| Prime Minister | Margaret Thatcher |
| Preceded by | Timothy Eggar |
| Succeeded by | Mark Lennox-Boyd |
| Member of Parliament for Hove |
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In office 8 November 1973 – 1 May 1997 |
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| Preceded by | Martin Maddan |
| Succeeded by | Ivor Caplin |
| Personal details | |
| Born | 11 June 1932 |
| Nationality | British |
| Political party | Conservative |
| Alma mater | Worcester College, Oxford |
Sir Timothy Alan Davan Sainsbury (born 11 June 1932) is a politician and businessman in the United Kingdom.
Sainsbury is the youngest son of Lord Sainsbury and his wife Doreen. His elder brothers are Lord Sainsbury of Preston Candover, a former Chairman of Sainsbury's, and the late Simon Sainsbury. Lord Sainsbury of Turville, a former Labour Minister for Science, is a cousin. His great-grandparents, John James Sainsbury and Mary Ann Staples, established a grocer's at 173 Drury Lane in 1869 which became the British supermarket chain Sainsbury's.
Sainsbury was educated at Sandroyd School, Eton College, and Worcester College, Oxford.
Tim Sainsbury joined Sainsbury’s in 1956. In 1959 he became deputy to Fred Salisbury (the first non-Sainsbury director of the company). He was appointed Director of Estates, Architects and Engineers in 1962. In this role he was in charge of converting all the remaining counter service shops to self-service, and modernising the earlier self-service shops.
When the Company listed on the on 12 July 1973, as J Sainsbury plc, his family at the time kept control with an 85% stake. Whilst his cousin, David Sainsbury, inherited his father Robert Sainsbury's entire 18% shareholding, Tim Sainsbury had to split his father Alan Sainsbury's 18% stake with his brothers JD Sainsbury and Simon Sainsbury, and so they held 6% each. It is believed that Sir Robert Sainsbury gave David Sainsbury his entire shareholding (rather than split it between David and his three daughters) so that David would have more votes at the table, considering John Davan Sainsbury, who became Chairman in 1969 on Sir Robert Sainsbury's retirement, had a forceful, autocratic style of leadership, whereas David was always more cautious (and always seemed less interested in the family business than John Davan "Mr JD" (David having only joined Sainsbury's personnel department as he did not get the grades to become a scientist)).
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