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AUSTRALIA: Management re-shuffle at Foster's Group

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The Australian beer and wine company, Foster's Group, has announced a raft of changes to its executive management team, re-assigning several senior executives to new responsibilities.

Trevor O'Hoy, who is currently the group's chief financial officer, has been appointed managing director of Carlton & United (CUB) which comprises the group's Australian beer, leisure and hospitality operations, as well as the Continental Spirits Co.

Meanwhile, Pete Scott, currently chief financial officer at the Foster's Group wine division, Beringer Blass Wine Estates, has been named as O'Hoy's successor as chief financial officer of Foster's Group. The company also announced that Jim King, until now managing director of CUB, has been given an expanded strategy role at Foster's Group as senior vice president strategy and business development, reporting to CEO, Ted Kunkel.

However, Kunkel himself said he had no immediate plans to step down. "There is no particular timeframe. I have no immediate or short-term plans to retire," Kunkel said. "At the end of the day that is a board decision, and I'm energised and am in the chair. This is about positioning people to improve their skills to give the board options in the future."


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