Ecclestone Says He Rejected King as Formula 1 Executive
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Formula One Chief Executive Officer Bernie Ecclestone said he rejected a proposal by the auto racing series owner CVC Capital Partners Ltd. to have J Sainsbury Plc CEO Justin King work alongside him.
Ecclestone said he was introduced to the boss of the U.K.’s third-largest supermarket company and another executive from outside the sport “about a year ago” with a view to one of them working with him and eventually replacing him. Ecclestone didn’t identify the other person.