– UK, Chertsey – Compass Group PLC (LON: CPG) today announced the appointment of Ian Meakins to its Board as non-executive Chairman effective on 1 September 2020. He will take over as Chairman on 1 December 2020 when Paul Walsh steps down from the Board.
“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.” said Senior Independent Director, John Bason.
Dominic Blakemore, Chief Executive added: “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.”
About Ian Meakins
Ian was previously Group CEO of Ferguson 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.
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.”
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.
About Compass Group PLC
Compass Group PLC is the world’s leading foodservice company, which generated annual revenues of £25.2 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.
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).
For more information: https://www.compass-group.com/en/index.html
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