Compass Group PLC Directorate Change (8413N)
04 Octubre 2021 - 1:00AM
UK Regulatory
TIDMCPG
RNS Number : 8413N
Compass Group PLC
04 October 2021
Legal Entity Identifier (LEI): No. 2138008M6MH9OZ6U2T68
4 October 2021
Directorate Change
Compass Group PLC announces that Karen Witts has mutually agreed
with the Board that she will step down as Chief Financial Officer
and as a Director of the Company with effect from 31 October
2021.
Palmer Brown has been appointed Chief Financial Officer
Designate and a Director of the Company with immediate effect. He
will assume the role of Chief Financial Officer with effect on and
from 1 November 2021 and will also join the Corporate
Responsibility Committee.
Palmer is currently Compass' Group Commercial Director and
served as Interim CFO for a period from 2018 to 2019. He joined
Compass in 2001 and during this time has held a variety of senior
finance, strategy and legal positions and has played a central role
as a member of the highly successful executive team in North
America. He has also coordinated many of the acquisitions and
divestitures for the Group. Palmer has degrees in business and law
and is a Certified Public Accountant. Karen will remain available
to assist with a transition.
Ian Meakins, Compass Group's Chairman, said:
"We would like to thank Karen for her valuable contribution,
particularly over the last 18 months which has been a time of
exceptional challenge for Compass. She will leave the Group in
strong financial health."
"The Board is pleased to appoint Palmer as Chief Financial
Officer. Palmer, who has been with the Group for more than 20
years, knows the business very well and is ideally suited to help
lead the Group as it recovers strongly from the impact of the
Covid-19 pandemic."
Dominic Blakemore, Compass Group's Chief Executive Officer ,
said:
"I would also like to thank Karen for her significant support as
the Company has successfully faced up to the unprecedented demands
on our business posed by the pandemic."
"Palmer has contributed to the success of Compass over many
years and his commercial and financial skillset and his deep
knowledge of the Group are ideally suited to our next phase of
development and growth."
***
Enquiries
Investors:
Alvin Concepcion , Agatha Donnelly & Helen Javanshiri
+44 (0) 1932 573 000
Press:
Tim Danaher, Brunswick
+44 (0) 207 404 5959
Website:
www.compass-group.com
Notes to Editors
Compass Group PLC is the world's leading food service company,
which generated annual revenues of GBP20.2 billion in the year to
30 September 2020. It operates in around 45 countries, employs and
engages around 550,000 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.
Remuneration
Palmer Brown's service agreement, remuneration and benefits are
consistent with Compass Group's Remuneration Policy as approved by
shareholders at the AGM in February 2021.
The Company will disclose details of Karen Witts' exit
arrangements on its website in due course in accordance with its
statutory obligations.
This announcement is made pursuant to LR 9.6.11 of the Listing
Rules. There is no further information to be disclosed under the
requirements of LR 9.6.13 (2) to (6) of the Listing Rules in
relation to Palmer Brown's appointment.
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END
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