Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Compass Group plc    CPG   GB00BD6K4575

COMPASS GROUP PLC (CPG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Britain's Compass hires Kingfisher CFO in latest management reshuffle

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2018 | 08:39pm CET

(Reuters) - Britain's Compass Group Plc appointed Kingfisher Karen Witts as its chief financial officer on Thursday, the latest in a series of management changes at the world's biggest catering firm following the sudden death of its CEO.

The hiring of Witt follows on the heels of Dominic Blakemore's appointment as chief executive officer in January after long-time CEO Richard Cousins died in a seaplane crash on New Year's eve.

Witts will succeed Johnny Thomson, whose decision to step down as finance chief by the end of this year was announced in July.

Cousins, who had been due to retire this year, was seen as the architect of Compass's success over the last decade and analysts and investors have been watching the company's performance closely under Blakemore for signs of how business will now pan out.

The company, which serves over 5.5 billion meals a year in more than 50 countries and is the world's biggest catering firm by revenue, has recently been cutting costs as it struggles to improve stagnant income and declining margins.

Witts has been chief financial officer at Kingfisher, one of Europe's biggest home improvement retailers, since 2012. Prior to that she held senior finance positions at Vodafone Group and BT and is also a non-executive director at Imperial Brands.

"Her financial and operational expertise will be highly complementary to our team and she brings with her a wealth of experience in retail and technology," Blakemore said in a statement issued by Compass.

Kingfisher confirmed Witts' resignation in a separate statement, adding that she will remain in her current position while the company searches for a replacement.

Witts' starting date at Compass has yet to be agreed. Palmer Brown, currently corporate investment and risk chief at Compass's North American division, will serve as interim CFO from Dec. 31 until Witts takes up her role, Compass said.

(Reporting by Justin George Varghese in Bengaluru; Editing by Elaine Hardcastle and Susan Fenton)

By Justin George Varghese

Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP 0.04% 251.55 Delayed Quote.-7.42%
COMPASS GROUP PLC -0.09% 1683 Delayed Quote.5.19%
IMPERIAL BRANDS -2.09% 2371.5 Delayed Quote.-25.09%
KINGFISHER -2.04% 225.4 Delayed Quote.-33.25%
VODAFONE GROUP 0.12% 160.68 Delayed Quote.-31.63%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPASS GROUP PLC
12/04Catering group Elior's shares slump on weak sales outlook
RE
11/21With Carney warning of 1970s-style shock, UK firms ready for no-deal Brexit
RE
11/21COMPASS : Profits and sales point north for Compass Group
AQ
11/20LONDON STOCK EXCHANGE : Brexit woes push FTSE to three-week lows; investors dump..
RE
11/20UK Plc prepares for messy Brexit as clock ticks down
RE
11/20Compass Group full-year profit rises 7.1 percent
RE
11/20Compass Group 2018 Pretax Profit Fell; Has Positive 2019 Outlook
DJ
11/20COMPASS : Full Year Results
PU
11/15COMPASS GROUP PLC : annual earnings release
11/13Catering group Elior's shares rise on spin-off plans
RE
More news
Financials (GBP)
Sales 2019 24 768 M
EBIT 2019 1 878 M
Net income 2019 1 297 M
Debt 2019 3 189 M
Yield 2019 2,52%
P/E ratio 2019 20,38
P/E ratio 2020 19,03
EV / Sales 2019 1,21x
EV / Sales 2020 1,14x
Capitalization 26 691 M
Chart COMPASS GROUP PLC
Duration : Period :
Compass Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMPASS GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 17,4  GBP
Spread / Average Target 3,5%
EPS Revisions
Managers
NameTitle
Dominic Blakemore Chief Executive Officer & Executive Director
Paul Steven Walsh Non-Executive Chairman
Johnny Thomson Group Finance Director & Executive Director
Gary R. Green Executive Director & CEO-North America Region
John George Bason Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
COMPASS GROUP PLC5.19%33 590
STARBUCKS CORPORATION16.51%81 061
SODEXO-19.29%15 079
DARDEN RESTAURANTS7.48%12 808
WHITBREAD12.45%10 395
JOLLIBEE FOODS CORPORATION--.--%6 107