Boardroom changes
Foster’s Brewing Group announced that Foster’s Asia chief executive Jim King will succeed Nuno D’Aquino as the new head of the two divisions responsible for the biggest chunk of Foster’s profits. They are Carlton & United Breweries and the pubs and gaming division Australian Leisure & Hospitality.
Nuno D’Aquino, 58, has been elevated to the new position of deputy chief executive with responsibility for e-commerce initiatives and introducing a shared services platform across the group. The personnel and organisational changes give nourishment to rumours about Ted Kunkel’s succession. Foster’s CEO Ted Kunkel, 56, who has been at the helm since 1992, has said that he has no intention of stepping down. Mildara Blass’ managing director Terry Davis is also rated as a succession chance..
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