TIDMCPG
RNS Number : 3767W
Compass Group PLC
18 August 2020
Legal Entity Identifier (LEI): No. 2138008M6MH9OZ6U2T68
18 August 2020
Chair Announcement
Compass Group PLC ("Compass" or "the Group") is pleased to
announce the appointment of Ian Meakins as non-executive Chairman
and a Director of the Company. Ian will join the Board on 1
September 2020 and will take over as Chairman on 1 December 2020
when Paul Walsh steps down from the Board.
This follows the announcement made on 9 January 2020 that Paul
Walsh was to step down as Chairman and a Director of the Company
and would not seek re-election at the 2021 AGM.
Ian was previously Group Chief Executive Officer of Ferguson PLC
(formerly Wolseley PLC), Travelex and Alliance Unichem. He was
Senior Independent Director at Centrica and a non-executive
Director at O2. Ian is non-executive Chairman of Rexel SA.
John Bason, Senior Independent Director, said:
"We are delighted to welcome Ian to the Board of Compass. His
appointment follows a thorough selection process led by the
Nomination Committee of the Board. Ian has an outstanding record of
value creation and he brings a wealth of experience to
Compass."
Ian Meakins, Chairman Designate, said:
" It is a great honour to take on the role of Chair at Compass.
I look forward to working with Dominic and the executive team to
drive forward the Group's strategy and ensuring that it continues
to create significant value for all stakeholders."
Dominic Blakemore, Chief Executive said:
"On behalf of the Board, and personally, I would like to thank
Paul for the enormous contribution he has made to Compass. He has
been an excellent Chair and he has played a crucial role in the
successful development of the Group. I also want to welcome Ian to
the Group, I look forward to working with him."
Paul Walsh, Chairman said:
"After almost seven years as Chairman, with a strong and
well-established Chief Executive in place, it is the right time for
me to step down. Ian has deep experience of B2B and B2C companies
and is an outstanding choice to succeed me. Compass is a world
class business and it has been a privilege to serve as its
Chairman."
There is no other information relating to Ian Meakins that is
required to be disclosed under Listing Rule 9.6.13R of the UK
Listing Authority.
Enquiries
Investors Sandra Moura, Simon Bielecki & Agatha Donnelly +44 (0) 1932 573000
Press Tim Danaher & Fiona Micallef-Eynaud, Brunswick +44 (0) 207 404 5959
Website www.compass-group.com
Note to Editors
a) Ian Meakins Biography
Ian Meakins started his career in 1978 with Procter & Gamble
. In 1985 he worked as a senior manager with Bain & Company .
He was a Founding Partner at Kalchas Group (management consulting)
where he worked from 1988 to 1991 and he worked at Diageo plc from
1992 to 2004, rising to President of European Major Markets and
Global Supply. Ian was CEO of Alliance UniChem plc until its merger
with Boots in July 2006. He later served as chief executive of
Travelex Holdings Ltd before becoming CEO of Wolseley plc from 2009
to 2016.
Ian has been a non-executive Director of O2 and the Senior
Independent Director at Centrica plc. He is non-executive Chairman
of Rexel SA. Ian is currently non-executive Chairman of The
Learning Network BV and will step down later in the year at a date
to be decided.
b) Compass Group PLC is the world's leading food service
company, which generated annual revenues of GBP25.2 billion in the
year to 30 September 2019. It operates in around 45 countries,
employs and engages over 600,000 people and serves over 5.5 billion
meals a year. The Company specialises in providing food and a range
of support services across the core sectors of Business &
Industry, Healthcare & Seniors, Education, Sports & Leisure
and Defence, Offshore & Remote, with an established brand
portfolio.
c) Organic revenue growth, a term used throughout the
announcement, is calculated by adjusting for acquisitions
(excluding current period acquisitions and including a full period
in respect of prior period acquisitions), disposals (excluded from
both periods) and exchange rate movements (translating the prior
period at current period exchange rates).
d) Forward looking statements
Certain information included in this announcement is
forward-looking and involves risks, assumptions and uncertainties
that could cause actual results to differ materially from those
expressed or implied by forward-looking statements. Forward-looking
statements cover all matters which are not historical facts and
include, without limitation, projections relating to results of
operations and financial conditions and the Company's plans and
objectives for future operations, including, without limitation,
discussions of expected future revenues, financing plans, expected
expenditures and divestments, risks associated with changes in
economic conditions, the strength of the foodservice and support
services markets in the jurisdictions in which the Group operates,
fluctuations in food and other product costs and prices and changes
in exchange and interest rates. Forward-looking statements can be
identified by the use of forward-looking terminology, including
terms such as "believes", "estimates", "anticipates", "expects",
"forecasts", "intends", "plans", "projects", "goal", "target",
"aim", "may", "will", "would", "could" or "should" or, in each
case, their negative or other variations or comparable terminology.
Forward-looking statements are not guarantees of future
performance. All forward-looking statements in this announcement
are based upon information known to the Company on the date of this
announcement. Accordingly, no assurance can be given that any
particular expectation will be met and readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only at their respective dates. Additionally, forward-looking
statements regarding past trends or activities should not be taken
as a representation that such trends or activities will continue in
the future. Other than in accordance with its legal or regulatory
obligations (including under the UK Listing Rules and the
Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority), the Company undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Nothing in this
announcement shall exclude any liability under applicable laws that
cannot be excluded in accordance with such laws.
e) A copy of this release, together with all other recent
announcements and presentations can be found on Compass Group's
website at www.compass-group.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOABRGDISGBDGGR
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