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Director Appointments

Compass group CEO to step down

21 September 2017 07:48

Compass group chief executive Richard Cousins will step down from the role at the end of March and retire from the group on 30 Sep 2018.

He will be succeeded by Dominic Blakemore, currently chief operating officer Europe.

Compass said Blakemore would become deputy CEO on 1 Oct and would work closely with Cousins during the next six months to ensure a smooth transition.

Compass said Blakemore would take over as group CEO on 1 Apr.

Chairman Paul Walsh said: 'It has been a pleasure to work with Richard and on behalf of the board I want to thank him for his extraordinary contribution to the group.

'In the past 11 years Richard has transformed Compass into an industry leading organisation that delivers excellent food services to our clients, attracts and develops great people and generates significant returns for our shareholders.

'Dominic's appointment is the result of a rigorous succession process.

'Dominic joined Compass Group in 2012 and has already contributed significantly to the group as CFO for 4 years and for the past 2 years as chief operating officer Europe.

'Dominic has the leadership skills combined with the industry and operational experience to build on the group's strong track record, and as CEO to lead Compass to continued future success.' Cousins said: 'It has been a privilege to work with the many talented people that make up the Compass team.

'I am grateful to have enjoyed their support in building a world class business that has enormous potential to prosper further.

'I look forward to working closely with Dominic in the next six months to ensure a smooth handover and I am confident that he will lead the group to even greater success in the future.'

Story provided by StockMarketWire.com

Related Company: CPG

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