Sainsbury's has announced that chief executive Justin King is to leave the supermarket chain in July.
He will have been at the helm of the company for 10 years.
Mike Coupe, Sainsbury's group commercial director, will succeed him as chief executive, the company said.
Sainsbury's chairman David Tyler said Mr King was "a truly exceptional leader who has reshaped Sainsbury's during his 10 years as CEO. He leaves a lasting legacy."
Mr King will leave the company after the annual general meeting on 9 July, the company said in a statement.
Mr King said: "This was not an easy decision for me to make, and in truth it will never feel like the right time to leave a company like Sainsbury's."
Leading the company had been a "privilege", he added.
Sainsbury's shares fell more than 2% on the news.
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