CPG Compass Group Plc

TIDMCPG

RNS Number : 0201A

Compass Group PLC

24 September 2020

   Legal Entity Identifier (LEI):                          No. 2138008M6MH9OZ6U2T68 

24 September 2020

Directorate Changes

Further to the announcement of Ian Meakins' appointment as Chair following Paul Walsh's retirement on 1 December 2020, Compass Group PLC ("Compass" or "the Group") announces that John Bason has agreed to extend his terms of appointment to provide continuity and support the transition.

At the 2021 AGM, John will have been on the Board a little over nine years. Following the conclusion of the meeting, he will step down as Senior Independent Director, Chair of the Audit Committee and as a member of the Audit and Remuneration Committees. However, subject to shareholder approval at the 2021 AGM, he will remain a member of the Board and as a member of the Nomination and Corporate Responsibility Committees. He will not seek re-election at the 2022 AGM.

John Bryant, currently a Director of the Company, will succeed John as Senior Independent Director and Anne-Francoise Nesmes, also currently a Director of the Company will succeed him as the Audit Committee Chair.

Enquiries

   Investors         Sandra Moura, Agatha Donnelly & Helen Javanshiri             +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) 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.

b) 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).

   c)     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.

d) 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 .

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September 24, 2020 05:55 ET (09:55 GMT)

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