The young ones
Foster’s did not have to go hunting for an outsider to replace its outgoing CEO Ted
Kunkel - it had already groomed one from its internal talent pool. Only three weeks after Kunkel announced his resignation, Trevor O’Hoy, 48, took his seat. O’Hoy, who joined Foster’s Australian arm, Carlton & United Breweries (CUB) 28 years ago as a cadet before taking on a range of positions, including Managing Director of CUB and Chief Financial Offic-er, faces the challenge of restoring investor confidence in the group.
Foster’s share price has been under serious pressure since the erstwhile Australian brewer bought the Californian wine group Beringer in 2000 for AUD2.9 billion and transformed itself into a branded beer-wine-spirits company.....
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