Compass Group Plc, UK

New Chairman at Compass Group

Ian Meakins
Compass Group
Ian Meakins

The UK Compass Group is appointing Ian Meakins as non-executive chairman and director of the company, the group has announced. He will join the Board in early September and will take over as Chairman on 1 December 2020 when Paul Walsh retires.

Ian Meakins, Chairman designate, was previously Group Chief Executive Officer of building materials specialist Ferguson (formerly Wolseley), Travelex and Alliance Unichem. He was a senior independent director at Centrica, non-executive director at O2 and is non-executive chairman of electrical engineering wholesaler Rexel SA.

John Bason, Senior Independent Director, Compass Group, commented on the appointment: "We are delighted to welcome Ian to the Compass Board of Directors. His appointment follows a thorough selection process under the guidance of the Board's Nominating Committee". Meakins has an outstanding track record in value creation and brings a wealth of experience to the company.

Group well positioned

Outgoing Chairman Paul Walsh added: "After almost seven years as Chairman, it is the right time for me to step down. Ian has extensive experience of B2B and B2C companies and is an excellent choice for my succession. Compass is a world class company and it's been a privilege to serve as its chairman". In January 2020, the company announced that Walsh would step down as Chairman and Director of the company and would not seek re-election at the 2021 AGM.

About the Compass Group
Compass Group PLC is one of the world's leading foodservice companies with annual sales of 25.2 billion British pounds (€ 29.7 billion, as of 09/2019). The company is active in around 45 countries and employs around 600,000 people. The Compass Group also offers services in the core sectors of business & industry, healthcare & seniors, education, sports & leisure as well as defense, offshore & remote specialized with an established brand portfolio.

The British Compass Group is the parent company of Compass Group Germany. This is the market leader for catering and food services and one of the leading providers of support services in Germany. The contract caterer's portfolio includes the brands Eurest, Food Affairs, Kanne Café and Leonardi. The Compass Group Germany has around 14,300 employees and, according to the 2019 financial year, achieved exclusive gv-praxis ranking, the company achieved sales of 612.9 million euros (-0,2 %).