Whitbread Announces Appointment of Christopher Rogers as Managing Director for Costa Coffee
Whitbread announces today that Christopher Rogers, currently Group Finance Director, will be appointed as the Managing Director of Costa Coffee following John Derkach’s decision to join UK restaurant company, Tragus Group, as Chief Executive.
Chris Rogers, who joined Whitbread in 2005 as Group Finance Director, will head up Costa’s global business to drive forward its ambitious five year growth plan to increase the size of the business to 3,500 stores worldwide, £1.3 billion system sales and 3,000 Costa Express machines by 2016. Costa is already the UK’s largest coffee shop brand, with almost 1400 stores and a further 800 units in 25 overseas markets, including China and India.
Andy Harrison, Whitbread’s Chief Executive, commented: “Chris has played a major part in Whitbread’s strategic development and, as a long standing member of the Costa management board, understands the vital brand and cultural DNA which has driven its success. Costa has an exciting future within Whitbread and Chris will spearhead our ambitious growth plans, which will create substantial shareholder value.”
“John has done an outstanding job in leading Costa’s successful growth over the last six years, during which the business has more than quadrupled in size. After 17 years with Whitbread, he is looking forward to a new challenge as CEO in an industry he knows well. I wish him every success in his new role.”
Speaking about his appointment, Chris Rogers said: “This is a great opportunity to head up a fantastic business. Costa has a strong and experienced team leading its four divisions, all of which have exciting profitable growth potential”.
John Derkach will remain Managing Director of Costa until he leaves on 1st August 2012. Whitbread has appointed a search firm to seek a new Group Finance Director. In his new role as Managing Director, Costa, Chris Rogers will continue to be a member of the Whitbread Board.
For further information please contact:
Anna Glover, Director of Communications 07768 917 651
Joanne Russell, Director of Investor Relations 07785 451 266
David Allchurch 0207 353 4200