Compass Group PLC Directorate Change (0201A)
September 24 2020 - 5:55AM
UK Regulatory
TIDMCPG
RNS Number : 0201A
Compass Group PLC
24 September 2020
Legal Entity Identifier (LEI): No. 2138008M6MH9OZ6U2T68
24 September 2020
Directorate Changes
Further to the announcement of Ian Meakins' appointment as Chair
following Paul Walsh's retirement on 1 December 2020, Compass Group
PLC ("Compass" or "the Group") announces that John Bason has agreed
to extend his terms of appointment to provide continuity and
support the transition.
At the 2021 AGM, John will have been on the Board a little over
nine years. Following the conclusion of the meeting, he will step
down as Senior Independent Director, Chair of the Audit Committee
and as a member of the Audit and Remuneration Committees. However,
subject to shareholder approval at the 2021 AGM, he will remain a
member of the Board and as a member of the Nomination and Corporate
Responsibility Committees. He will not seek re-election at the 2022
AGM.
John Bryant, currently a Director of the Company, will succeed
John as Senior Independent Director and Anne-Francoise Nesmes, also
currently a Director of the Company will succeed him as the Audit
Committee Chair.
Enquiries
Investors Sandra Moura, Agatha Donnelly & Helen Javanshiri +44 (0) 1932 573000
Press Tim Danaher & Fiona Micallef-Eynaud, Brunswick +44 (0)
207 404 5959
Website www.compass-group.com
Note to Editors
a) Compass Group PLC is the world's leading food service
company, which generated annual revenues of GBP25.2 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.
b) 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).
c) Forward looking statements
Certain information included in this announcement is
forward-looking and involves risks, assumptions and uncertainties
that could cause actual results to differ materially from those
expressed or implied by forward-looking statements. Forward-looking
statements cover all matters which are not historical facts and
include, without limitation, projections relating to results of
operations and financial conditions and the Company's plans and
objectives for future operations, including, without limitation,
discussions of expected future revenues, financing plans, expected
expenditures and divestments, risks associated with changes in
economic conditions, the strength of the foodservice and support
services markets in the jurisdictions in which the Group operates,
fluctuations in food and other product costs and prices and changes
in exchange and interest rates. Forward-looking statements can be
identified by the use of forward-looking terminology, including
terms such as "believes", "estimates", "anticipates", "expects",
"forecasts", "intends", "plans", "projects", "goal", "target",
"aim", "may", "will", "would", "could" or "should" or, in each
case, their negative or other variations or comparable terminology.
Forward-looking statements are not guarantees of future
performance. All forward-looking statements in this announcement
are based upon information known to the Company on the date of this
announcement. Accordingly, no assurance can be given that any
particular expectation will be met and readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only at their respective dates. Additionally, forward-looking
statements regarding past trends or activities should not be taken
as a representation that such trends or activities will continue in
the future. Other than in accordance with its legal or regulatory
obligations (including under the UK Listing Rules and the
Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority), the Company undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Nothing in this
announcement shall exclude any liability under applicable laws that
cannot be excluded in accordance with such laws.
d) A copy of this release, together with all other recent
announcements and presentations can be found on Compass Group's
website at www.compass-group.com .
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