Foster’s Group Limited (Foster’s) today announced that its Chief Financial Officer, Pete Scott, will be retiring from Foster’s and returning to the United States during the current financial year.

“Pete has made an invaluable contribution to the Group at a pivotal time in Foster’s history”, said Foster’s Chief Executive Officer, Trevor O’Hoy. “Through his sound strategic advice and outstanding financial management and functional leadership, he leaves the group in a strong financial position, with a balance sheet in great shape.”

An international search has commenced to identify a successor, including both internal and external candidates. Pete Scott’s retirement will be effective at, or around, the end of the financial year, following the appointment of the successful candidate.

Pete Scott joined Beringer Wine Estates in 1997 prior to its acquisition by Foster’s in 2000. He moved to Australia to take up the position of Chief Financial Officer in December 2002.

Further information

Media

Troy Hey
Tel: + 61 3 9633 2085
Mob: +61 409 709 126
Investors

Chris Knorr
Tel: +61 3 9633 2685
Mob: + 61 417 033 623