The Board of Foster's Group Limited (Foster's) today announced the appointment of Ian Johnston to the role of Chief Executive Officer, effective immediately.
Mr Johnston stepped into the CEO role in an acting capacity in July this year, following the departure of Trevor O'Hoy, having previously served as a non-executive Director of the Company since September 2007.
Foster's Chairman, David Crawford, said "the Board is delighted to have appointed such an experienced and capable executive to the CEO role at this important time in Foster's history."
"Ian has over 20 years of leadership experience with global FMCG companies, including his time as Managing Director of Global Confectionery for Cadbury Schweppes plc. Ian understands the nature of the global marketplace, and has a proven ability to build sustainable business performance by growing the top line, and investing in innovation and capability."
"We have been absolutely clear and consistent that we would appoint the best person to lead the Company, and have conducted a rigorous international search to this end. Having initially intended to return to his non-executive role, Ian recently indicated his availability to take on the CEO appointment. Ian's mix of skills and experience, combined with the positive impact he has made over the past few months, convinced the Board that he was ideal for the role."
"Ian has had an opportunity to get across the business during his time as Acting CEO and will hit the ground running. Ian is passionate about Foster's and begins today with a renewed mandate to lift business performance in line with our own expectations and those of shareholders."
Commenting on his appointment, Mr Johnston said "it is a privilege to have the opportunity to lead this great business and take on the challenge of driving improved and sustainable business performance".
"In my short time in the business, I've been impressed with the strength of our brands, the progress we are making in optimising our supply chain globally and the potential of our people. Foster's has strong fundamentals, and I am absolutely committed to building on these strengths while improving business performance and tackling the strategic challenges we face."
Further information:
|
Media |
Investors |
|
Troy Hey Tel: +61 3 9633 2085 Mob: 0409 709 126
|
Chris Knorr Tel: +61 3 9633 2685 Mob: 0417 033 623
|
