LONDON: Compass Group PLC announced the appointment of Ian Meakins as non-executive Chairman and a Director of the Company. Ian will join the Board on 1 September 2020 and will take over as Chairman on 1 December 2020 when Paul Walsh steps down from the Board.
This follows the announcement made on 9 January 2020 that Paul Walsh was to step down as Chairman and a Director of the Company and would not seek re-election at the 2021 AGM.
Ian was previously Group Chief Executive Officer of Ferguson PLC (formerly Wolseley 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.
John Bason, Senior Independent Director, said: “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.”
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.”
Dominic Blakemore, Chief Executive said: “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.”
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