AUS: Lion readies CEO switch
Lion will see its new CEO assume control early next year
Lion has confirmed the appointment of Stuart Irvine as the replacement for Rob Murray as CEO.
The Australasian company, owned by Kirin Holdings, said yesterday (20 August) that Irvine will assume the leadership role from 2 January, when Murray leaves the firm. Lion said earlier this year that Murray will step down after almost nine years as chief executive.
The change of CEO follows a switch of chairman, with former British Airways executive Sir Rod Eddington replacing Geoff Ricketts in March this year.
Earlier this month, Lion posted a healthy set of numbers for the first half of this year, although its dairy & drinks division struggled in the six-month period.
Lion Appoints Chief Executive Officer
August 20, 2012
Following its announcement that Rob Murray will step down as CEO in early 2013, Lion today announced the appointment of Stuart Irvine, effective 2 January 2013.
Stuart is currently CEO of Nestle Russia and Eurasia – a $2 billion beverage and food business with 10,000 people, 14 production sites and multiple business models.
After finishing his education at Edinburgh University, Stuart started his career in Sales at Procter and Gamble in the United Kingdom before moving to Spillers in 1996. Following the acquisition of Spillers by Nestle in 1998, Stuart became Managing Director of Friskies Petfood Spain and Portugal.
Stuart then moved into various Managing Director and CEO roles within Nestle across the UK, Ireland, Netherlands, Poland and the Baltics, before taking up his current position in Russia.
Sir Rod Eddington, Chairman of the Lion Board said: “I am delighted to welcome Stuart to Lion. Stuart’s extensive experience in fast moving consumer goods across a diverse range of markets and complex business models will be an asset to Lion.”
Stuart Irvine said: “I am thrilled to be joining Lion and look forward to getting to know the business and its people from November. In addition to its strong stable of iconic brands Lion’s long-term and focused investment in its people and culture is what drew me to the role, and mirrors the approach I have taken at Nestle.
“I am passionate about building brands and thrive on the fast-paced and dynamic environment the consumer goods sector provides. As the leading food and beverage businesses in Australasia, Lion provides the ideal mix of opportunity and challenge in an exciting and continuously evolving market.”
Stuart was appointed through a rigorous and values-based recruitment process. To ensure a smooth transition, a handover period with Rob will commence from mid-November 2012.
Original source: Company Release
In the fourth part of Euromonitor's preview of 2013, alcoholic drinks analysts Spiros Malandrakis and Zsuzsa Szilagyi consider what the future holds for the world's brewers....
Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organ...
- Treasury Wine Estates: Here I Go Again On My Own
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Will low-alcohol wines wither on the vine?
- Coca-Cola Life US launch fails to ignite
- Diageo's Johnnie Walker hit by Travel Retail slump
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev shuts fourth Russian brewery
- Treasury Wine Estates pulls plug on takeover talks
- Mallya stays chairman at Diageo's United Spirits