It has been announced that supermarket giant Sainsbury’s has hired Kevin O’Byrne as its new chief financial officer, replacing John Rogers, who has moved to Sainsbury’s Argos as chief executive.

Mr O’Byrne, who is currently chief executive at Poundland, will be joining the company on the 9th January and will be a member of the Sainsbury’s board and the company’s operating board.

Previous positions held by O’Byrne include executive roles at Kingfisher group for seven years and group finance director of Dixons Retail.

Group chief executive of Sainsbury’s, Mike Coupe, commented: “We are two years into the delivery of our strategy and this is an important time as we integrate the Argos and Habitat businesses into the group. Kevin brings a wealth of retail and finance experience and a track record in growing businesses. I very much look forward to welcoming him to the team.”

Interim chief financial officer, Ed Baker will stay in the role until O’Byrne starts and Mr Baker will continue to have a leading role in the business.